Brighton Pets Supplies

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Below is a summary of all transactions of Brighton Pets Supplies for the month of August 2027.

Cash Transactions

Cash collections from:

• Customers — $81,400

• Sale of unused land — 15,500

• Issuance of common stock — 28,000

• Interest earned on savings account — 280

Cash payments for:

• Employee salaries — (46,900)

• Delivery truck — (34,100)

• Advertising expense — (5,700)

• Office supplies — (3,600)

• Repayment of borrowing — (8,800)

• Bedding material — (15,000)

Noncash Transactions

• Sales to customers on account — 12,100

• Purchase of materials on account — 8,200

• Purchase equipment with promissory note to pay later — 90,000

Required:

Prepare a statement of cash flows for the month of August, properly classifying each of the transactions into operating, investing, and financing activities.

The cash balance at the beginning of August is $8,100.