The following transactions pertain to the operations of Ewing Company for Year 1:

1. Acquired $22,800 cash from the issue of common stock.
2. Provided $16,750 of services on account.
3. Paid $17,400 cash on accounts payable.
4. Performed services for $40,000 cash.
5. Collected $5,200 cash from accounts receivable.
6. Incurred $9,600 of operating expenses on account.
7. Paid a $21,000 cash for one years rent in advance.
8. Paid a $8,700 cash dividend to the stockholders.
9. Paid $1,100 cash for supplies to be used in the future.
10. Recognized $32,200 of accrued salaries expense.

Required

Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA).

Prepare a statement of cash flows. (There is no beginning cash balance.)

Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows. (There is no beginning cash balance.) (Enter cash outflows with a minus sign.)