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Required information Problem 2-20A (Algo) Showing how events offect the horizontal financial statements model LO 2.1 The following information applies to the questions displayed below)

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Required information Problem 2-20A (Algo) Showing how events offect the horizontal financial statements model LO 2.1 The following information applies to the questions displayed below) Maden Company was started on January 1 Year 1, and experienced the following events during its first year of operation 1 Acquired 532.000 cash from the issue of common stock 2. Borrowed 544000 cash from National Bank 3. Earned cash revenues of $60,000 for performing services 4. Pad cash expenses of $51000 5 Paid a $2.200 cash dividend to the stockholders 6. Acquired an additional $32.000 cash from the issue of common stock 2 Poid 511000 cash to reduce the principal balance of the bank note 8. Paid $49000 cash to purchase land. 9. Determined that the market value of the land is $69.000 Problem 2-20A (Algo) Porte Determine the net cash nows from operating activities, investing activities, and financing activities that Maben would report on the Year statement of cash flows. (Enter cash outflows as negative amounts) Net cash flows from operating activities Net Cash Rows from Westing with Net cash fom from financing advies

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