Exercise 1-8A (Static) Classifying events as asset source, use, or exchange LO 1-4 Nevada Company experienced the following events during its first year of operations: Acquired an additional $1,000 cash from the issue of common stock. Paid $2,400 cash for utilities expense. Paid a $1,500 cash dividend to the stockholders. Provided additional services for $6,000 cash. Purchased additional land for $2,500 cash. The market value of the land was determined to be $24,000 at the end of the accounting period. Acquired $16,000 cash from the issue of common stock. Paid $3,500 cash for salary expense. Borrowed $10,000 cash from New South Bank. Paid $6,000 cash to purchase land. Provided boarding services for $10,500 cash. Required: Classify each event as