All$-$Star Automotive Company experienced the following accounting events during Year $2$:

Performed services for $$15,300$ cash.

Purchased land for $$8,300$ cash.

Hired an accountant to keep the books.

Received $$43,000$ cash from the issue of common stock.

Borrowed $$10,600$ cash from State Bank.

Paid $$5,300$ cash for salaries expense.

Sold land for $$10,600$ cash.

Paid $$4,300$ cash on the loan from State Bank.

Paid $$5,500$ cash for utilities expense.

Paid a cash dividend of $$2,300$ to the stockholders.

Required

a$.$ Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing activities, or financing activities.

b$.$ Prepare a statement of cash flows. Assume All$-$Star Automotive had a beginning cash balance of $$10,300.($The company has additional accounts, but they are not needed for this question.$)$

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