q1-How much did the sale of land on March 10th change total assets?

q2-How much were operating cash flows during the three month period?

q3-How much were current assets at March 31?

q4-How much were fixed assets at March 31

q5-How much were financing cash flows during the three-month period?

q6-How much were investing cash flows during the three-month period?

q7-long term and current liabilities at march 31

Panama Co. went into business on Jan. 1, 2019. During the first three months, it had the following transactions: Jan. 1 - Issued common stock for $6,000 cash. Jan. 1- Borrowed $10,000 from bank. No payments will be made on this loan until Jan. 1, 2021, and at that time, the company will owe $11,200. Feb. 1 - Paid $3,000 for three months of rent. Feb. 10 - Bought land for $9,000 cash. Feb. 16- Bought $7,000 of inventory on account. Mar. 1- Bought equipment for $3,600 cash. Management expects the equipment will last for 3 years and and then be worthless. Mar. 7- Sold one half of inventory for $8,000, half in cash and half on account. Mar. 10 - Sold one-third of land for $2,500 cash. Mar. 20 - Collected the balance due from the customer. Mar. 28 - Received a utility bill for the first three months of $750. This will be paid in April