f. Pay employee salaries, $10,000. g. Pay dividends to stockholders, $5,000. Required: 1.&2. For each transaction,...

 

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f. Pay employee salaries, $10,000. g. Pay dividends to stockholders, $5,000. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Meyers should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $5,400, calculate the balance of cash on December 31, 2024. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Assuming the balance of cash on January 1, 2024, equals $5,400, calculate the balance of cash on December 31, 2024. Cash balance f. Pay employee salaries, $10,000. g. Pay dividends to stockholders, $5,000. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Meyers should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $5,400, calculate the balance of cash on December 31, 2024. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Assuming the balance of cash on January 1, 2024, equals $5,400, calculate the balance of cash on December 31, 2024. Cash balance