All-Star Automotive Company experienced the following accounting events during 2018:

Performed services for $14,200 cash.

Purchased land for $7,200 cash.

Hired an accountant to keep the books.

Received $32,000 cash from the issue of common stock.

Borrowed $8,400 cash from State Bank.

Paid $4,200 cash for salary expense.

Sold land for $8,400 cash.

Paid $3,200 cash on the loan from State Bank.

Paid $4,400 cash for utilities expense.

Paid a cash dividend of $1,200 to the stockholders.

Prepare a statement of cash flows for 2018. Assume All-Star Automotive company had a beginning cash balance of $9,200 on January 1, 2018.

The preparation of the Cash Flows from three Activities is presented below:

a. Cash flow from Operating activities

Performed services for cash $14,200

Less: Cash paid for salary expenses - $4,200

Less: Cash paid for utilities expenses - $4,400

Net Cash flow from Operating activities $5,600

b. Cash flow from Investing activities

Purchase of land - $7,200

Proceeds from the sale of land $8,400

Net Cash flow from Investing activities $1,200

c. Cash flow from Financing activities

Cash receipt from the issuance of common stock $32,000

Borrowed cash from state bank $8,400

Les: Paid cash on the loan from state bank - $4,400

Less: cash dividend paid - $1,200

Net Cash flow from Financing activities $34,800

Net Cash flow from Operating activities $5,600

Net Cash flow from Investing activities $1,200

Net Cash flow from Financing activities $34,800

Add: Beginning cash balance $9,200

Ending cash balance $50,800