Impact of Transactions Involving Operating Assets on Statement of Cash Flows From the following list, identify each item as operating (O), investing (I), fi nancing (F), or not separately reported on the statement of cash fl ows (N).

_______ Purchase of land _______ Proceeds from sale of land _______ Gain on sale of land _______ Purchase of equipment _______ Depreciation expense _______ Proceeds from sale of equipment _______ Loss on sale of equipment AppendixLO1