1. the company started when it acquired $20,000 cash from the issue of common stock. 2. purchase a new ice cream machine that cost $15,500 cash. 3. earn $23,200 in cash Revenue 4. paid $10,600 cash for salaries expense 5. paid $4,800 cash for operating expenses 6. adjusted the records to reflect the use of the ice cream machine the machine purchased on January 1st 2015 has an expected useful life of five years and an estimated salvage value of $2,500 use straight-line depreciation the adjusting entry was made as of December 31st 2015

record the above transaction in a horizontal statements model in the cash flow column indicate whether the item is an operating activity and investing activity a financing activity and a net change in cash use the letter na to indicate that an element is not affected by the event