During the month of October, current year, Alvarez Company had the following transactions:
a. Revenue of $14,000 was earned and received in cash.
b. Bank loans of $3,600 were paid off.
c. Equipment of $3,000 was purchased for cash.
d. Expenses of $9,120 were paid.
e. Additional shares of capital stock were issued for $9,000 cash.
Assuming that the cash balance at the beginning of the month was $8,940, prepare a statement of cash flows that displays operating, investing, and financing activities and reconciles the beginning and ending cash balances.
Complete the Statement of Cash Flows and upload it.