Required information Problem 4-5A Record transactions, post to the Cash T-account, and prepare the statement of cash flows (L04-7) The following Information applies to the questions displayed below.) Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October 1 October 2 Receive membership dues for the month of October totaling $8,5ee. 2 October 5 Issue common stock in exchange for cash, $12,eee. 3. October 9 Purchase additional boxing equipment for $9.see paying one-half of the amount in cash and issuing a note payable to the seller for the other one-half due by the end of the year 4- October 12 Pay $1.5ee for advertising, regarding a special membership rate available during the month of October 5. October 19 Pay dividends to stockholders, $4,48e. 6. October 22 Pay liability insurance to cover accidents to enters for the next six months, starting November 1. 56,980. 7 October 25 Receive cash in advance for Novemberships. $5.600. 8 October 38 Receive, but do not pay, utilities will for the month, 55,2002 9 October 31 Pay employees salaries for the month. 37. Be Problem 4.5A Part 4 4. Prepare a statement of cash floves for the month of October properly classifying each of the cash transactions into operating Investing, and inancing activities. Assume that the balance of cash at the beginning of October is $16.600. (List cash outflows and decrease in cash as negative amounts. Total entries from the same source together when entering in the statement of cash flows) BALBOAS GYM Stament of cash Flows For the month anded October 31 Cash Flows tomeeracines decrease in cash as negative amounts. Total entries from the same source together when entering in the stateme eBook Ask Bannel Daniews For the ended det Cash Flows from Operating Activities Cash inflows: References Cash outflows S ol Net cash flows from operating activities Cash Flows from investing Activities D Net cash flows from investing activities Cash Flows from Financing Activities D Nel cash flows from financing cash at the beginning of the man Cast of the month Ask For the month ended October 31 Cash Flows from Operating Activities Cash inflows: References For advertising For insurance For salaries From customers S 0 Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from nvesting activities Cash Flow Foo Finand - Artes Cash Flows from Operating Activities Cash inflows: For salaries From customers Issuance of common stock Payment of dividends Purchase of boxing equipment 0 Net cash flows from operating activities Cash Flows from Investing Activities