a. Issue common stock for cash, $60,000. b. Purchase building and land with cash, $45,000. c. Provide services to customers on account, $8,000. d. Pay utilities on building. $1,500. e. Collect $6,000 on account from customers. f. Pay employee salaries, $10,000. g. Pay dividends to stockholders. $5,000. Required: 1. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, select whether Meyers should classify it as operating. Investing, or financing in a statement of cash flows. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.) Transaction Cash Flows Operating Investing or Financing Issue common stock for cash Purchase building and land with cash Provide services to customers on account Pay utilities on building Collect cash from customers on account Pay employee salaries Pay dividends to stockholders 2. Calculate net cash flows for the year. (List cash outflows as negative amounts.) Net cash flows for the year s 0 3. Assuming the balance of cash on January 1, 2021, equals $5,400, calculate the balance of cash on D Cash balance