Instructor: Nicole Harris Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. a. Cash used for purchase of office supplies, $2,400. Operating b. Cash provided from consulting to customers, $50,600. Cash used for purchase of mining equipment, $83,000. d. Cash provided from long-term borrowing. $70,000. Cash used for payment of employee salaries, $25,000. Cash used for payment of office rent, $13,000. 9 Cash provided from sale of equipment purchased in c. above, $23,500. h. Cash used to repay a portion of the long-term borrowing in d. above, $45,000. Cash used to pay office utilities, $5,300. Purchase of company vehicle by borrowing $16,000. Cash Outflow Step 1: Next to each item above, label the transaction as one of the following: Financing, Investing, or Operating. Then, write down whether it is a Cash Inflow or Cash Outflow. The first one is done for you. Step 2: Use the information from above to prepare a Statement of Cash Flows for Goldman Incorporated for the year 2018 on the back of this paper.