Classification of Activities Use the following legend to indicate how each transaction would be reported on the statement of cash flows. (Assume that the company uses the direct method in the Operating Activities section.)

IO  Inflow from operating activities OO  Outflow from operating activities II  Inflow from investing activities OI  Outflow from investing activities IF  Inflow from financing activities OF  Outflow from financing activities NR  Not reported in the body of the statement of cash flows but included in a supplemental schedule 1. Collected $10,000 in cash from customers’ open accounts for the period 2. Paid one of the company’s inventory suppliers $500 in settlement of an open account 3. Purchased a new copier for $6,000; signed a 90-day note payable 4. Issued bonds at face value of $100,000 5. Made $23,200 in cash sales for the week 6. Purchased an empty lot adjacent to the factory for $50,000. The seller of the land agrees to accept a five-year promissory note as consideration 7. Renewed the property insurance policy for another six months; cash of $1,000 is paid for the renewal 8. Purchased a machine for $10,000 9. Paid cash dividends of $2,500 10. Reclassified as short-term a long-term note payable of $5,000 that is due within the next year 11. Purchased 500 shares of the company’s own stock on the open market for $4,000 12. Sold 500 shares of Nike stock for book value of $10,000 (they had been classified as long-term investments)