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ded Homework Cave Problem 1-35A (Algo) Recording events in a horizontal statements model LO 1-3, 1-4, 1-5, 1-6, 1-7, 1-8, 1-9, 1-10 [The following information
ded Homework Cave Problem 1-35A (Algo) Recording events in a horizontal statements model LO 1-3, 1-4, 1-5, 1-6, 1-7, 1-8, 1-9, 1-10 [The following information applies to the questions displayed below) Maben Company was started on January 1 Year 1, and experienced the following events during its first year of operation: 1. Acquired $38,000 cash from the issue of common stock 2. Borrowed $32.000 cash from National Bank 3. Eamed cash revenues of $56.000 for performing services. 4. Paid cash expenses of $49.000 5. Paida SUBOO cash dividend to the stockholders. 6. Acquired an additional $28.000 cash from the issue of common stock z. Paid $8.000 cash to reduce the principal balance of the bank note 6. Paid $61000 cash to purchase and Determined that the market value of the land is $85.000 Problem 1-35A (Algo) Porte Determine me net cash flows from operating activities, investing activities, and financing activities that Maben would report on the Year 1 statement of cash flows (intercash outflowe os negative amounts)
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