Limedrop plc had the following selected transactions during the past year:
1. Sold (issued) 3,600 ordinary shares at £10 par for £35 per share.
2. Received £270,000 from various trade debtors.
3. Paid dividends of £220,000.
4. Received £3,200 interest on a note receivable from a company officer.
5. Paid an annual insurance premium of £9,200.

Required:
(a) Journal entries for each of the above transactions (omit explanations).
(b) For each transaction, indicate the amount of cash inflow or outflow and also how each cash flow would be classified in a statement of cash flows.