a summary of cash flows for webster consulting group for 356569

A summary of cash flows for Webster Consulting Group for the year ended July 31, 2008, is shown below.

Cash receipts:

Cash received from customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $495,000

Cash received from additional investment of owner . . . . . . . . . . . . . 20,000

Cash payments:

Cash paid for operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . 371,500

Cash paid for land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000

Cash paid to owner for personal use . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000

The cash balance as of August 1, 2007, was $46,750.

Prepare a statement of cash flows for Webster Consulting Group for the year ended July 31, 2008.