Exercise 4-15 (Algo) Calculate net cash flows (LO4-7) Below are several transactions for Brown Cow Corporation for 2024. a. Issue common stock for cash, $47,000. b. Purchase building and land with cash, $32,000. c. Provide services to customers on account, $6,700. d. Pay utilities on building, $850. e. Collect $4,700 on account from customers. f. Pay employee salaries, $8,700. g. Pay dividends to stockholders, $3,700. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Brown Cow should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $4,100, calculate the balance of cash on December 31, 2024. t nces Req 1 and 2 Req 3 For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Brown Cow should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.) Transaction Issue common stock for cash, $47,000 Purchase building and land with cash, $32,000 Provide services to customers on account, $6,700 Pay utilities on building, $850. Collect $4,700 on account from customers Pay employee salaries, $8,700. Pay dividends to stockholders $3,700 Net cash flows for the year Operating, Investing Cash Flows or Financing Req 1 and 2 Req 3 Assuming the balance of cash on January 1, 2024, equals $4,100, calculate the balance of cash on December 31, 2024. Cash balance