=+LG 3 P4–5 Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash.

Item Change ($) Item Change ($)

Cash +150 Cash dividends +540 Accounts payable +1,100 Accounts receivable -460 Notes payable -530 Inventory -160 Fixed assets +550 Repurchase of stock +475 Sale of stock +950 Long-term debt -1,890 Depreciation +110 Net profit +380