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All-Star Automotive Company experienced the following accounting events during Year 2: 1. Performed services for $14,800 cash. 2. Purchased land for $7,800 cash. 3. Hired

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All-Star Automotive Company experienced the following accounting events during Year 2: 1. Performed services for $14,800 cash. 2. Purchased land for $7,800 cash. 3. Hired an accountant to keep the books. 4. Received $38,000 cash from the issue of common stock 5. Borrowed $9,600 cash from State Bank. 6. Paid $4,800 cash for salary expense. 7. Sold land for $9,600 cash, 8. Paid $3,800 cash on the loan from State Bank. 9. Paid $5,000 cash for utilities expense. 10. Paid a cash dividend of $1,800 to the stockholders. Check my work 10. Paid a cash dividend of $1,800 to the stockholders Required a. Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), investing activities (1A), financing activities (FA), or not applicable (NA) Event Classification 1 2 3 4 5 6 2 8 10

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