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help Zoogle Corporation is an internet search provider that experienced the following evvents during ts firnt year of opernbons. Fen 1 1. Acquired $480,000 cash
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Zoogle Corporation is an internet search provider that experienced the following evvents during ts firnt year of opernbons. Fen 1 1. Acquired $480,000 cash needed to start the company by issulng common stock. 2. Purchased o buldaing to house internet servers for 3238.000 cash. 3 Earned $814.000 cash from seling advertisements during its first year of operations. 4. Borrowed 5188,000 cash from a local bank to assist in financing future operations. Required: Use a horizontal financial statements modet to show how each event affects the baiance sheet, income statement, and watement of cash flows. More specifically, record the amounts of tho events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (iA), or financing activities (fFA). The first transaction is shown as an oxamplo. Note: Fnter any decreases to account balances and cash outflows with a minus sign, Lemve cells blank if no input is needed Step by Step Solution
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