The following transactions pertain to the operations of Ewing Company for Year 1: 1. Acquired $23,600...

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The following transactions pertain to the operations of Ewing Company for Year 1: 1. Acquired $23,600 cash from the issue of common stock. 2. Provided $18,900 of services on account. 3. Paid $16,600 cash on accounts payable. 4. Performed services for $37,000 cash. 5. Collected $5,850 cash from accounts receivable. 6. Incurred $8,500 of operating expenses on account. 7. Paid a $24,100 cash for one year's rent in advance. 8. Paid a $8,300 cash dividend to the stockholders. 9. Paid $1,500 cash for supplies to be used in the future. 10. Recognized $32,200 of accrued salaries expense. Required a. Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). b. Prepare a statement of cash flows. (There is no beginning cash balance.) The following transactions pertain to the operations of Ewing Company for Year 1: 1. Acquired $23,600 cash from the issue of common stock. 2. Provided $18,900 of services on account. 3. Paid $16,600 cash on accounts payable. 4. Performed services for $37,000 cash. 5. Collected $5,850 cash from accounts receivable. 6. Incurred $8,500 of operating expenses on account. 7. Paid a $24,100 cash for one year's rent in advance. 8. Paid a $8,300 cash dividend to the stockholders. 9. Paid $1,500 cash for supplies to be used in the future. 10. Recognized $32,200 of accrued salaries expense. Required a. Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). b. Prepare a statement of cash flows. (There is no beginning cash balance.)

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