Required information [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 October 2 Receive membership dues for the month of October totaling $7,600. October 5 Issue common stock in exchange for cash, $11,000. October 9 Purchase additional boxing equipment for $8,700, paying one-half of the amount in cash and the other one- half due by the end of the year. October 12 Pay $1100 for advertising regarding a special membership rate available during the month of October October 19 Pay dividends to stockholders, $3,500. October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1. $6,300 October 25 Receive cash in advance for November memberships, $4.700. October 30 Receive, but do not pay, utilities bill for the month, $4,300. October 31 Pay employees' salaries for the month, $6,400. 4. Prepare a statement of cash flows for the month of October, properly classifying each of the cash transactions into operating. Investing, and financing activities. Assume that the balance of cash at the beginning of October is $15.700. (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.)