Please help fill out cash flow worksheet by indicating I, F, or O for each transaction and fill out the statement of cash flows accordingly.

For this assignment, you will need to create a Statement of Cash Flows. To create this financial statement, you should use the transaction ledger that was completed in Assignment 5 (key previously posted on GoogleDrive under Assignments). Make sure to download a key from the "Extra Docs" tab on BB. You will first need to indicate if each transaction would fall into the operating ("O"), financing ("F"), or investing ("I") section of the Statement of Cash Flows. If this is not applicable to the transaction, mark the transaction with an "X". Then, make sure to label and classify accounts and amounts correctly on the statement. You should make sure to list subtotals for each section of the statement, the change in cash, in addition to the beginning and ending cash balance. This assignment is worth a total of 16 points with the classification being worth 3 points and the statement itself being worth 12 points. One point will be rewarded for following instructions correctly. 1. You started your company with $80,000 that you raised by selling stock in Practice Makes Perfect Inc. to your family and friends. 2. You purchased five pianos for $18,000 each, paying cash. You believe these pianos will last three years before you replace them. You expect the salvage value to be zero. 3. Knowing that you would need additional funds, you presented your business plan to the bank and were able to get a $200,000 loan at 12%. 4. You spent $$1,000 on supplies (inventory), which you charged on account. 5. The newspaper bills you $800 for the advertisement you ran. You plan on paying the bill next month. 6. The first month you bill students $4,000 for lessons. 7. Rent for the space you have leased is $2,000 a month, which you paid. 8. You pay your two part-time piano teachers $500 each at the end of the month. 9. One of your students paid the $200 invoice you sent earlier in the month. 10. You adjust the supplies (inventory) account for $300 of sheet music that you gave to students. 11. You write the check for the interest owed for the month. 12. You record one month of depreciation on the pianos. - Indicate if each transaction (Assignment 5 Key) would fall into the operating ("O"), financing ("F"), or investing ("I") section of the Statement of Cash Flows. If this is not applicable to the transaction, mark the transaction with an "X". 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. - Comnlete the Statement of Cash Flows helow (usino the Assionment 5Kev )