Classify cash flows. Classify each cash transaction for the statement of cash flows as an operating, investing, or financing activity. (LO 2, 4)

a. William makes a contribution of \(\$ 75,000\) from his personal funds to start the Cookie Dough \& More Ice Cream Co. and received common stock in exchange.

b. The company purchases a building and some equipment for \(\$ 45,000\) in cash.

c. The company purchases \(\$ 5,500\) worth of advertising time on a local television station for cash.

d. The company pays electricity and insurance expenses of \(\$ 1,500\) for the month.

e. The company hires several people to help make ice cream at a cost of \(\$ 350\) for the month and pays them in cash.

f. The National Bank pays \(\$ 2,500\) for ice cream and catering services for its grand opening.