Refer to P3€“ 3.
a. Received contributions from five investors of $ 60,000 in cash ($ 12,000 each), a barn valued at $ 100,000, and land valued at $ 90,000. Each investor received 3,000 shares.
b. Built a small barn for $ 62,000. The company paid half the amount in cash on April 1, 2014, and signed a three- year note payable for the balance.
c. Provided animal care services to customers, all on credit, for $ 35,260.
d. Rented stables to customers who cared for their own animals, and received cash payment of $ 13,200.
e. Received from a customer $ 2,400 to board her horse in April, May, and June (record as deferred revenue).
f. Purchased hay and feed supplies on account for $ 3,180 to be used in the summer.
g. Paid $ 1,240 in cash for water utilities expense incurred in the month.
h. Paid $ 2,700 on trade payables for previous purchases.
i. Received $ 10,000 from customers on trade receivables.
j. Paid $ 6,000 in wages to employees who worked during the month.
k. Purchased a one- year insurance policy for $ 3,600 at the end of the month.
l. Received an electric utility bill for $ 1,800 for usage in April; the bill will be paid in May.
m. Paid $ 500 cash dividend to each of the investors at the end of the month.
Required
Use the following chart to identify whether each of the transactions in P3€“ 3 results in a cash flow effect from operating (O), investing (I), or financing (F) activities, and indicate the direction and the effect on cash (+ for increase and €“ for decrease). If there is no cash flow effect, write €œnone.€ The first transaction is provided as an example.

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Operating, Investing, or Financing Effect Direction and Amount of the Effect +60,000 Transaction