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

1. Performed services for $25,000 cash.
2. Purchased land for $6,000 cash.
3. Hired an accountant to keep the books.
4. Received $50,000 cash from the issue of common stock.
5. Borrowed $5,000 cash from State Bank.
6. Paid $14,000 cash for salaries expense.
7. Sold land for $9,000 cash.
8. Paid $2,000 cash on the loan from State Bank.
9. Paid $2,800 cash for utilities expense.
10. Paid a cash dividend of $5,000 to the stockholders.

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11. Required A
12. Required B

13. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $9,000. (The company has additional accounts, but they are not needed for this question.) (Cash outflows should be indicated with a minus sign.)

    ALL-STAR AUTOMOTIVE COMPANY
    Statement of Cash Flows
    For the Year Ended December 31, Year 2
    Cash flows from operating activities:
    Net cash flow from operating activities		$0
    Cash flows from investing activities:
    Net cash flow from investing activities		$0
    Cash flows from financing activities:
    Net cash flow from financing activities		0
    Ending cash balance		$0