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Based upon the cash flow information provided below for the year ended December 31, 2011,

 Based upon the cash flow information provided below for the year ended December 31, 2011, prepare a cash flow statement for the Bloomfield Municipal Golf Course, an enterprise fund.

 

Green fees received$400,000

Membership fees received160,000

League outing fees received90,000

Interest revenue received2,000

Cash received from short-term note payable (not used

    for capital assets)75,000

Payments to employees350,000

Payments to suppliers198,000

Cash paid to the General Fund - Noncapital loan60,000

Payments for capital improvements85,000

Interest paid on short-term loan (loan not used for capital assets)5,000

Unrestricted cash and cash equivalents, January 1, 201117,000

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