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

1. Performed services for $14,700 cash.
2. Purchased land for $7,700 cash.
3. Hired an accountant to keep the books.
4. Received $37,000 cash from the issue of common stock.
5. Borrowed $9,400 cash from State Bank.
6. Paid $4,700 cash for salaries expense.
7. Sold land for $9,400 cash.
8. Paid $3,700 cash on the loan from State Bank.
9. Paid $4,900 cash for utilities expense.
10. Paid a cash dividend of $1,700 to the stockholders.

Mostly wrong please look it over

ALL-STAR AUTOMOTIVE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Cash receipts from stock issue $ 15,100 Cash payment for salaries expense (5,100) Cash payments for utilities expense (5,300) $ 4,700 Net cash flow from operating activities Cash flows from investing activities: Cash paid to purchase land Cash from the sale of land $ (8,100) 10,200 $ 2,100 Net cash flow from investing activities Cash flows from financing activities: $ 41,000 Net cash flow from financing activities 41,000 Ending cash balance $ 0