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All-Star Automotive Company experienced the following accounting events during Year 2: Performed...

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Accounting

All-Star Automotive Company experienced the following accounting events during Year 2:
Performed services for $25,000 cash.
Purchased land for $6,000 cash.
Hired an accountant to keep the books.
Received $50,000 cash from the issue of common stock.
Borrowed $5,000 cash from State Bank.
Paid $14,000 cash for salaries expense.
Sold land for $9,000 cash.
Paid $2,000 cash on the loan from State Bank.
Paid $2,800 cash for utilities expense.
Paid a cash dividend of $5,000 to the stockholders.
Required
Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing activities, or financing activities.
Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing
activities, or financing activities.
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