. Classify cash flows. Classify each transaction as an operating, investing, or financing activity. Assume all transactions are for cash. (LO 2, 4)

a. Jackie Benefield makes a contribution of \(\$ 95,000\) to start the Horse Trails \& Stables from her personal funds.

b. The company purchases three horses and some equipment for \(\$ 25,000\) in cash.

c. The company purchases \(\$ 5,000\) worth of advertising with the local newspaper.

d. The company pays rent of \(\$ 15,000\) for barn and pasture space as well as use of 50 acres of land for riding trails.

e. The company hires several people to clean stables at a cost of \(\$ 600\) for the month.

f. The first customers pay Horse Trails \& Stables \(\$ 4,225\) for 6 months' worth of riding lessons.