ll-Star Automotive Company experienced the following accounting events during Year 1: Performed services for $15,500 cash. Purchased land for $8,500 cash. Hired an accountant to keep the books. Received $45,000 cash from the issue of common stock. Borrowed $11,000 cash from State Bank. Paid $5,500 cash for salary expense. Sold land for $11,000 cash. Paid $4,500 cash on the loan from State Bank. Paid $5,700 cash for utilities expense. Paid a cash dividend of $2,500 to the stockholders. Required a. Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not applicable (NA). b. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $10,500.