Based upon the flow information provided below for the year ending December 31, 2014 , prepare a cash flow statement for Muscat City, an internal service fund

Based upon the flow information provided below for the year ending December 31, 2014 , prepare a cash flow statement for Muscat City, an internal service fund . 40, 000 Cash received from customers $830,000 Cash received from General Fund (noncapital loan) 20,000 Interest revenue received 1,000 Cash received from short – term note payable ( not used for capital assets ) Payments to employees 450,000 Payments to suppliers 250,000 Cash paid to the General Fund – noncapital loan 65,000 Payments for capital improvements 60,000 Interest paid on short – term note payable above 2,000 Principal paid on capital debt 50,000 Interest paid on capital debt 5,000 Unrestricted Cash ( and cash equivalents ), January 1, 2014 13,000

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