mework Saved Below are several transactions for White cloud Corporation for 2024. a. Issue common stock for cash, $55,000. b. Purchase building and land with cash, $40,000. c. Provide services to customers on account, $7,500. d. Pay utilities on building, $1,250. e. Collect $5,500 on account from customers. f. Pay employee salaries, $9,500. g. Pay dividends to stockholders, $4,500. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether White clc should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $4,900, calculate the balance of cash on December 31, 2024. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether white cloud should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.) Transaction Issue common stock for cash, $55,000. Purchase building and land with cash, $40,000. Provide services to customers on account, $7,500. Pay utilities on building, $1,250. Collect $5,500 on account from customers. Operating, Investing Cash Flows or Financing Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether White cloud should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.) Transaction Issue common stock for cash, $55,000. Purchase building and land with cash, $40,000. Provide services to customers on account, $7,500. Pay utilities on building, $1,250. Collect $5,500 on account from customers. Pay employee salaries, $9,500. Pay dividends to stockholders $4,500. Net cash flows for the year Cash Flows Operating, Investing or Financing a. Issue common stock for cash, $55,000. b. Purchase building and land with cash, $40,000. c. Provide services to customers on account, $7,500. d. Pay utilities on building, $1,250. e. Collect $5,500 on account from customers. f. Pay employee salaries, $9,500. g. Pay dividends to stockholders, $4,500. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether White clom should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $4,900, calculate the balance of cash on December 31, 2024. Complete this question by entering your answers in the tabs below. ces Req 1 and 2 Req 3 Assuming the balance of cash on January 1, 2024, equals $4,900, calculate the balance of cash on December 31, 2024. Cash balance < Req 1 and 2 Req3 >