Indicate how each of the events would be classified on the statement of cash flows as operating a or financing activities. Note: If the event would not appear on the statement of cash flows, leave the cell blank. All-Star Automotive Company experienced the following accounting events during Year 3 : 1. Performed services for $15,200 cash. 2. Purchased land for $8,200 cash. 3. Hired an accountant to keep the books. 4. Received $42,000 cash from the issue of common stock. 5. Borrowed $10,400 cash from State Bank. 6. Paid $5,200 cash for salary expense. 7. Sold land for $10,400 cash 8. Paid $4,200 cash on the loan from State Bank 9. Paid $5,400 cash for utilities expense. 10. Paid a cash dividend of $2,200 to the stockholders. Required a. Indicate how each of the events would be classified on the statement of cash flows as operating activities, investing activities, or financing activities b. Prepare a statement of cash flows for Year 3. Assume All-Star Automotive Company had a beginning cash balance of $10,200 on January 1, Year 3 . (The company has additional accounts, but they are not needed for this question.)