Below are several transactions for Meyers Corporation for 2018.

a. Issue common stock for cash, $56,000. b. Purchase building and land with cash, $41,000. c. Provide services to customers on account, $7,600. d. Pay utilities on building, $1,300. e. Collect $5,600 on account from customers. f. Pay employee salaries, $9,600. g. Pay dividends to stockholders, $4,600.

1. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Meyers should classify it as operating, investing or financing in a statement of cash flows cash outflows as negative amounts.) ng,Investin or Financing Cash Flows Issue common stock for cash Purchase building and land with cash. Provide services to customers on account. Pay utilities on building Collect cash from customer on account Pay employee salaries Pay dividends to stockholders 2. Calculate net cash flows for the year. (List cash outflows as negative amounts.) Net cash flows for the year 3. Assuming the balance of cash on January 1, 2018, equals $5,000, calculate the balance of cash on December 31, 2018. Cash balance