Identify each of the following transactions as an operating activity \((\mathrm{O})\), an investing activity (I), a financing activity (F), a noncash investing and financing activity (NIF), or a transaction that is not reported on the statement of cash flows (N). Assume that the direct method is used to report cash flows from operating activities. \(\qquad\)

a. Payment of account payable

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b. Issuance of preferred stock for cash

c. Payment of cash dividend \(\qquad\)

d. Sale of long-term investment

e. Amortization of bond discount \(\qquad\)

f. Collection of account receivable g. Issuance of long-term note payable to borrow cash h. Depreciation of equipment \(\qquad\)

i. Purchase of treasury stock \(\qquad\)

j. Issuance of common stock for cash k. Purchase of long-term investment 1. Payment of wages to employees \(\qquad\)

m. Collection of cash interest n. Cash sale of land \(\qquad\)

o. Distribution of stock dividend p. Acquisition of equipment by issuance of note payable _ q. Payment of long-term debt r. Acquisition of building by issuance of common stock S. Accrual of salary expense Classifying transactions for the statement of cash flows

(Obj. 2)