Calculator d fand Statement of Cash Flows Indicate whether each of the following activities would be reported on the statement of cash flows as (a) an operating activity. (b) an investing activity o activity: 1. Cash received from fees earned. 2. Cash paid for expenses. 3. Cash paid for land, 4. Cash paid for dividends. Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September: a. Opened a business bank account with a deposit of $45,000 in exchange for common stock. b. Purchased office supplies on account, $2,980. c. Received cash from fees eamed for managing rental property, $8,370. d. Paid rent on office and equipment for the month, $3,660. e. Paid creditors on account, $1,360. f. Billed customers for fees earned for managing rental property, $6,780. g. Paid automobile expenses for month, $810, and miscellaneous expenses, $410. h. Pald office salaries, $2,580. 1. Determined that the cost of supplies on hand was $1,760; therefore, the cost of supplies used was $1,220. 1. Paid dividends $2,440. Required: 1. Indicate the effect of each transaction and the balances after each transaction For those boxes in which no entry is required, leave the box blank For those boxes in which you must enter subtractive or negative numbers use a minussion (Example: -300 Assets Liabilities Stockholders' Equity Accounts Common Item Dividends Cash + + Accounts Receivable Supplies - Rent Expense Sal. Expense Payable Earned E Previous N Check My Work Save and Exit Submit Assignment for All work saved