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.

just a few things missing

ALL-STAR AUTOMOTIVE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Cash receipts from revenue $ 25,000 Cash payment for salaries expense (14,000) Cash payments for utilities expense (2,800) $ 8,200 Net cash flow from operating activities Cash flows from investing activities: Cash from the sale of land Cash paid to purchase land $ 9,000 (6,000) $ 3,000 $ Net cash flow from investing activities Cash flows from financing activities: Cash receipts from stock issue Cash receipts from loan Cash payment on loan Cash payments for dividends 50,000 5,000 (2,000) (5,000) 48,000 Net cash flow from financing activities Net increase in cash Plus: Beginning cash balance Ending cash balance 9,000 9,000 $