Reference no: EM132472749

maben company was started on january 1, 2018 and experienced the following events during its first year of operation:

Point 1. Acquired $30,000 cash from the issue of common stock.

Point 2. borrowed $42,000 cash from national bank

Point 3. earned cash revenues of$58,000 for performing services

Point 4. paid a $2,000 cash ividend to the stakeholders.

Point 5. paid a $2,000 cash dividend to the stakeholders.

Point 6. Acquired an additional $30,000 cash from the issue of common stock.

Point 7. paid $11,000 cash to reduce the principal balance of the ank note.

Point 8. paid $51,000 cash to purchase land.

Question 1: determined that the market value of the land is $71,000.

Question 2: Determine the net cash flows form operating activities, investing activities and financing activities that maben would report on the 2018 cash statement of flows

1. Net cash flows from operating activities:
2. Net cash flows from investing activities:
3. Net cash flows from financing activities: