AllStar Automotive Company experienced the following accounting events during Year :
Performed services for $ cash.
Purchased land for $ cash.
Hired an accountant to keep the books.
Received $ cash from the issue of common stock.
Borrowed $ cash from State Bank.
Paid $ cash for salaries expense.
Sold land for $ cash.
Paid $ cash on the loan from State Bank.
Paid $ cash for utilities expense.
Paid a cash dividend of $ to the stockholders.
Required
Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing activities, or financing activities.
Prepare a statement of cash flows. Assume AllStar Automotive had a beginning cash balance of $The company has additional accounts, but they are not needed for this question.ALLSTAR AUTOMOTIVE COMPANY
Statement of Cash Flows
For the Year Ended December Year
