Section B-Preparation of accounts and Cash flow statement. (20 points) Balance Account Title Cash. Debit Credit $ 26,000 4 Accounts receivable. 4,500 Accounts payable. $ 2.000 Share capital.. Retained earnings. Total 10,000 18,500 $ 30,500 $ 30,500 During March, the business completed the following transactions: a. Borrowed $45,000 from the bank, with Calderon signing a note payable in the name of the business. b. Paid cash of $40,000 to a real estate company to acquire land. c. Performed service for a customer and received cash of $5,000. d. Purchased supplies on credit, $300. e. Performed customer service and earned revenue on account, $2,600. f. Paid $1,200 on account. g. Paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. h. Received $3,100 on account. i. Received a $200 utility bill that will be paid next month. j. Declared and paid dividends of $1,800. Required: 1) Prepare Cash flow statement (12 points) 2) Journalize the transactions (8 points)