From the following transactions prepare a statement of cash flows for Emory Inc. in the prop¬ er form. The company began the year with a cash balance of $25,000. Describe and evaluate the company’s cash management activities during the year. * 1. Borrowed $30,000 from a bank, signing a long-term note. ' 2. Performed services for $45,000, receiving $40,000 in cash and a $5,000 receivable. 3. Incurred expenses of $34,000; paid $23,000 in cash and $11,000 are still payable. 4. Purchased equipment for $28,000; paid $23,000 in cash and signed a long-term note payable for the remainder. 5. Paid the stockholders a dividend in an amount that ensured an ending cash balance of $25,000. (Preparing financial statementsfrom simple transactions)