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Needing to know what I am missing from this part of the problem During Year 3, Pacilio Security Services experienced the following transactions: 1. Paid

image text in transcribedimage text in transcribedNeeding to know what I am missing from this part of the problem

During Year 3, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 2. 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free. 3. Performed $32,000 of security services for numerous local events during the year; $21,000 was on account and $11,000 was for cash. 4. On May 1, paid $3,000 for 12 months' rent in advance. 5. Purchased supplies on account for $700. 6. Paid salaries expense for the year of $9,000. 7. Incurred other operating expenses on account, $4,200. 8. On October 1, Year 3, a customer paid $1,200 for services to be provided over the next 12 months. 9. Collected $19,000 of accounts receivable during the year. 10. Paid $5,950 on accounts payable. 11. Paid $1,800 of advertising expenses for the year. 12. Paid a cash dividend to the shareholders of $4,650. 13. The market value of the land was determined to be $5,500 at December 31 , Year 3. PACILIO SECURITY SERVICES, INC. Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Cash payment for expenses Cash receipts from customers Net cash flow from operating activities $ 0 Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Cash payments for dividends \begin{tabular}{|l|l|l|} \hline Cash payments on loan & (2,000) \\ \hline \end{tabular} Net cash flow from financing activities Net increase in cash Add: Beginning cash balance Ending cash balance

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