All-Star Automotive Company experienced the following accounting events during Year 3: 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 salary expense. 7. Sold land for 59,000 cash 8. Paid $10,000 cash on the loan from State Bank 9. Paid $2,800 cash for utilities expense. 10. Pald a cash dividend of $5,000 to the stockholders. Required 8. Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), Investing activities b. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash belonce of $9,000 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $9,000. (Cash outflows should be indicated with a min. ALL-STAR AUTOMOTIVE COMPANY Statement of Cash Flows For the Year Ended December 21, Year Cash fows from operating activities Net cash flow from operating activities Cash Bows from investing activities $ Nel cash flow from investing is Cash flows from financing activities Net cash flow from financing activities Ending cash balance