Map Chapter 1 Homework Assignment Seved 4 Exercise 1-22A (Algo) Prepare a statement of cash flows LO 1-9 2 Dones 8 OLS All Star Automotive Company experienced the following accounting events during Year 2 1. Performed services for $15.400 cash 2. Purchased land for $8.400 cash 3. Hired an accountant to keep the books 4. Received 44,000 cash from the issue of common stock 5. Bortowed 510,800 cash from State Bank 6. Paid $5.400 cash for salary expense 7. Sold land for $10,800 cash 8. Paid $4,400 cash on the loan from State Bank 9. Paid $5.600 cash for utilities expense 10. Paid a cash dividend of $2.400 to the stockholders es + Hint P Required a. Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA). Investing activities (LA), financing activities (FA), or not applicable (NA) tences Classification 1 2 3 4 5 6 7 3 9 10 Chapter 1 + tomheducation.com/ext/map/index.html?concoral browserunch 25% bosiddledusspetspor Youtube redde the font. Save the waity Welcome To M 110-thome Malote hapter 1 Homework Assignment i St 4 b. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $10.400. (The company has additional accounts, but they are not needed for this question) (Amounts to be deducted should be indicated with a minus sign ALL STAR AUTOMOTIVE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash Bows from operating activities 000 Hint Nutcash flow from operating activities Cash Houston Investing activities D Net cash for investing activities Cashows from Sancing activities Net cash for som financing activities Ending cash balance