a.) Cutlass Corporation is authorized by the state government to issue 40,000 shares of $1 par value common stock. On March 15, the company issues 1,000 shares for $6 cash per share. On April 19, the company issues another 800 shares for $7 per share.

Record these transactions.

b.)For each of the following transactions, indicate whether the cash flows are reported in the operating activities section of the statement of cash flows, the investing activities section, or the financing activities section.

-Issuance of bonds payable

-Cash paid for interest

-Cash collected from customers

-Paid dividends

-Sold equipment for cash

-Issued preferred stock for cash

-Cash paid for inventory purchases

-Purchased a small percentage of the ownership shares of another company

-Cash received from dividend income