Below are several transactions for Bluebeard Corporation for 2024. a. Issue common stock for cash, $40,000. b. Purchase building and land with cash, $25,000. c. Provide services to customers on account, $6,000. d. Pay utilities on building, $500. e. Collect $4,000 on account from customers. f. Pay employee salaries, $8,000. g. Pay dividends to stockholders, $3,000. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Bluebeard should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $3,400, calculate the balance of cash on December 31, 2024. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Bluebeard should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.) Transaction Cash Flows Operating, Investing or Financing Issue common stock for cash, $40,000. $ Purchase building and land with cash, $25,000. $ Provide services to customers on account, $6,000. $ Pay utilities on building, $500. $ Collect $4,000 on account from customers. $ Pay employee salaries, $8,000. $ Pay dividends to stockholders $3,000. $ Net cash flows for the year $ < Req 1 and 2 40,000 Financing (25,000) Investing 0 N/A (500) Operating 4,000 Operating (8,000) Operating (3,000) Operating 7,500 Req 3 > Below are several transactions for Bluebeard Corporation for 2024. a. Issue common stock for cash, $40,000. b. Purchase building and land with cash, $25,000. c. Provide services to customers on account, $6,000. d. Pay utilities on building, $500. e. Collect $4,000 on account from customers. f. Pay employee salaries, $8,000. g. Pay dividends to stockholders, $3,000. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Bluebeard should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $3,400, calculate the balance of cash on December 31, 2024. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Assuming the balance of cash on January 1, 2024, equals $3,400, calculate the balance of cash on December 31, 2024. Cash balance $ 10,900 < Req 1 and 2 Req 3