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Maben Company was started on January $1,$ Year $1,$ and experienced the following events during its first year of operation:

Acquired $$30,000$ cash from the issue of common stock.

Borrowed $$40,000$ cash from National Bank.

Earned cash revenues of $$48,000$ for performing services.

Paid cash expenses of $$45,000.$

Paid a $$1,000$ cash dividend to the stockholders.

Acquired an additional $$20,000$ cash from the issue of common stock.

Paid $$10,000$ cash to reduce the principal balance of the bank note.

Paid $$53,000$ cash to purchase land.

Determined that the market value of the land is $$75,000.$

Required:

a$.$ Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, and FA for financing activity. The first event is recorded as an example.

Note: Enter any decreases to account balances with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input $-$Maben Company was started on January $1,$ Year $1,$ and experienced

the following events during its first year of operation:

Acquired $$30,000$ cash from the issue of common stock.

Borrowed $$40,000$ cash from National Bank.

Earned cash revenues of $$48,000$ for performing services.

Paid cash expenses of $$45,000.$

Paid a $$1,000$ cash dividend to the stockholders.

Acquired an additional $$20,000$ cash from the issue of common

stock.

Paid $$10,000$ cash to reduce the principal balance of the bank

note.

Paid $$53,000$ cash to purchase land.

Determined that the market value of the land is $$75,000.$

e$.$ Determine the net cash flows from operating activities, investing activities, and

financing activities that Maben would report on the Year $1$ statement of cash flows.

Note: Enter cash outflows as negative amounts.

Net cash flows from operating activities

Net cash flows from investing activities

Net cash flows from financing activities leave cells blank if there is no corresponding input needed.

$\backslash$table$[[$MABEN COMPANY$],[\backslash$table$[[$Event$],[$Number$]],,,,$Horizontal Financial Statements Model for Year $1],[$Balance Sheet,Income Statem$],[$Assets$,=$ Liabilities,$+,$Stockholders' Equity,Revenue,$-$ Expense,$],[$Cash$,+,$Land,$=,\backslash$table$[[$Notes$],[$Payable$]],\backslash$table$[[$Common$],[$Stock$]],+,\backslash$table$[[$Retained$],[$