An analysis of comparative statement of financial position, the current year’s income statement, and the general ledger accounts of Gagliano Co, uncovered the following items. Assume all items involve cash unless there is information to the contrary.
(a) Payment of interest on notes payable.
(b) Exchange of land for patent.
(c) Sale of building at book value.
(d) Payment of dividends.
(e) Depreciation.
(f) Receipt of dividends on investment in shares.
(g) Receipt of interest on notes receivable.
(h) Issuance of share capital.
(i) Amortization of patent.
(j) Issuance of bonds for land.
(k) Purchase of land.
(l) Conversion of bonds into ordinary shares.
(m) Loss on sale of land.
(n) Retirement of bonds.

Instructions
Indicate how each item should be classified in the statement of cash flows using these four major classifications; operating activity (indirect method), investing activity, financing activity and significant non-cash investing and financing activity.