Acquired $24,700 cash from the issue of common stock. Provided $19,450 of services on account. Paid $14,600 cash on accounts payable. Performed services for $43,500 cash. Collected $5,200 cash from accounts receivable. Incurred $8,700 of operating expenses on account. Paid $23,000 cash for one years rent in advance. Paid $7,300 cash dividend to the stockholders. Paid $1,100 cash for supplies to be used in the future. Recognized $34,900 of accrued salaries expense.

Required

Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). Prepare a statement of cash flows. (There is no beginning cash balance.)

Required A Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). (Not all cells require entry.)

TransactionClassification 1. 2.

3

4

5 6. 7. 8. 9. 10. Required B Prepare a statement of cash flows. (There is no beginning cash balance.) (Enter cash outflows with a minus sign.)

EWING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1

Cash flows from operating activities Net cash flow from operating activities$0 Cash flows from investing activities Cash flows from financing activities Net cash flow from financing activities0 Net change in cash0 Ending cash balance