A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2016, follows:Cash receipts: Cash received from customers$734,000Cash received from additional investment of owner36,000Cash payments: Cash paid for operating expenses745,600Cash paid for land50,000Cash paid to owner for personal use18,000The cash balance as of September 1, 2015, was $89,000.Prepare a statement of cash flows for Sentinel Travel Service for the year ended August 31, 2016. Use the minus sign to indicate cash outflows, cash payments and decreases in cash.