Mark's Consulting experienced the following transactions for 2018, its first year of operations, and 2019. Assume that all transactions involve the receipt or payment of cash. b-4. Prepare a statement of cash flows for each year accounting period. Transactions for 2018 1. Acquired $20,000 by issuing common stock 2. Received $35,000 cash for providing services to customers 3. Borrowed $25,000 cash from creditors 4. Paid expenses amounting to $22,000 5. Purchased land for $30,000 cash. Complete this question by entering your answers in the tabs below Stmt CF 2018 Stmt CF 2019 Transactions for 2019 Prepare a statement of cash flows for the vear 2018. (Amounts to be deducted should be indicated with a minus sign MARK'S CONSULTING Statement of Cash Flows For the Year Ended December 31, 2018 Beginning account balances for 2019 are Cash Land Notes payable Common stock Retained earnings $28,000 30,000 25,000 20,000 13,000 Cash flows from operating activities 1. Acquired an additional $24,000 from the issue of common stock. Net cash flow from operating activities 2. Received $95,000 for providing services. 3. Paid $15,000 to creditors to reduce loan. 4. Paid expenses amounting to $71,500 5. Paid a $3,000 dividend to the stockholders. 6. Determined that the market value of the land is $47,000 Cash flows from investing activities Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities Ending cash balance