Problem 1-2 Clutch inc was started on January 1, 2020 and experienced the following events during its first year of operation.

1. borrowed $200,000 cash from national bank

2. Acquired $150,000 cash from the issues of common stock

3. earned $240,000 of cash revenues for performing services

4. Paid $225,000 of cash expenses

5. paid $50,000 cash to reduce the principal balance of the bank note payable

6. acquired an additional $100,000 cash from the issue of common stock

7. paid $265,000 cash to purchase land

8. paid a $5,000 cash dividend to the stockholders

9. determined that the market value of the land is $375,000

Required record the preceding transactions in the horizontal statements model. Also in the cash flows column, classify the cash flows as operating activities (OA), investing activities(IA), or financing activities (FA),