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CO OWN Problem 1-2 10 points Tucker Inc was started on January 1, 2020, and experienced the following events during its first year of operation.
CO OWN Problem 1-2 10 points Tucker Inc was started on January 1, 2020, and experienced the following events during its first year of operation. 1. Borrowed $140,000 cash from National Bank. Acquired $105,000 cash from the issue of common stock. 3 Earned $168,000 of cash revenues for performing services. Paid $ 157,500 of cash expenses. 5 Paid $35,000 cash to reduce the principal balance of the bank note payable Acquired an additional $70,000 cash from the issue of common stock. Paid $185,500 cash to purchase land. Paid a $3,500 cash dividend to the stockholders. 9 Determined that the market value of the land is $262,500 REQUIRED Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA). or financing activities (FA). See "Horizontal Statements Model" file on Canvas for guidance
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