Indicate whether each of the following transactions for the current period would appear as an operating, investing, or financing activity in the statement of cash flows. If any transaction does not appear in the statement of cash flows, explain why.

(a) Disbursement of $96,900 to merchandise suppliers.

(b) Receipt of $180,000 from issuing common shares.

(c) Receipt of $55,100 from customers for sales made in this period.

(d) Receipt of $27,300 from customers in the current period for sales made in the previous period.

(e) Receipt of $1,950 from a customerfor goods that the firm will deliverin the next period.

(f) Disbursement of $15,500 for interest expense on debt.

(g) Disbursement of $40,000 to acquire land.

(h) Issue of common shares with market value of $60,500 to acquire land.

(i) Disbursement of $24,400 as compensation to employees for services rendered in the current period.

(j) Disbursement of $7,900 to employees for services rendered in the last period but not yet paid for.

(k) Disbursement of $53,900 for patent purchase from its inventor.

(l) Acquisition of a building by issuing a note payable to a bank.