Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July:

1. Opened a business bank account in the name of Stanley Insurance Inc., with a deposit of $60,000 in exchange for common stock.
2. Borrowed $100,000 by issuing a note payable.
3. Received cash from fees earned, $30,000.
4. Paid rent on office and equipment for the month, $5,000.
5. Paid automobile expense for the month, $2,500, and miscellaneous expense, $1,000.
6. Paid office salaries, $6,500.
7. Paid interest on the note payable, $500.
8. Purchased land as a future building site, paying cash of $120,000.
9. Paid dividends, $3,000

find the statement of cash flows

a. Financing, operating, investing or no effect _______________ B. Financing, operating, investing or no effect _______________ c. Financing, operating, investing or no effect _______________ d. Financing, operating, investing or no effect _______________ e. Financing, operating, investing or no effect _______________ f. Financing, operating, investing or no effect _______________ g. Financing, operating, investing or no effect _______________ h. Financing, operating, investing or no effect _______________ i. Financing, operating, investing or no effect _______________ is there an increase in cash, decrease in cash or no effect? ______