A cash T account for Pryor Consulting Services’ first month of operations ended March 31, 20Y3, is as follows:

a. Classify each of the March cash transactions as an operating, investing, or financing activity using the preceding format.
b. Prepare a statement of cash flows for Pryor Consulting Services for the month ended March 31, 20Y3.

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Туре of Activity Туре of Activity Cash 50,000 | Mar. 1 Transaction Transaction 6,000 Paid rent 2,400 Paid insurance 18,000 Purchased office equipment Issued common stock Mar. 1 2 4 Received fees from clients 10 13,500 15 4,000 Paid employees Received fees from clients 17 9,250 21 2,750 Paid expenses Received fees from clients 24 2,850 3,100 Paid expenses 4,000 Paid employees 29 31 Received fees from clients 30 4,050 31 6,000 Paid dividends Mar. 31 Bal. 33,400