For each of the following transactions on the statement of cash fflows, indicate whether it would appear in the Operating Activities section (O), in the Investing Activities section (I), or in the Financing Activities section (F). Assume the use of the direct method in the Operating Activities section.
______ 1. Repayment of long-term debt
______ 2. Purchase of equipment
______ 3. Collection of customer’s account
______ 4. Issuance of common stock
______ 5. Purchase of another company
______ 6. Payment of dividends
______ 7. Payment of income taxes
______ 8. Sale of equipment