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Required Information [The following information applies to the questions displayed below.) Maben Company was started on January 1, Year 1, and experienced the following events

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Required Information [The following information applies to the questions displayed below.) Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock 2. Borrowed $40,000 cash from National Bank. 3. Earned cash revenues of $48,000 for performing services. 4. Paid cash expenses of $25,000. 5. Pald a $1,000 cash dividend to the stockholders. 6. Acquired an additional $20,000 cash from the issue of common stock. 7. Paid $10,000 cash to reduce the principal balance of the bank note 8. Pald $53,000 cash to purchase lond. 9. Determined that the market value of the land is $75,000 e. Determine the net cash flows from operating activities, Investing activities, and financing activities that Maben would report on the Year 1 statement of cash flows. (Enter cash outflows as negative amounts.) Net cash flows from operating activities Net cash flows from investing activities Not cash flows from financing activities

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