An analysis of comparative balance sheets, the current year’s income statement, and the LO3 general ledger accounts of Winfrey Movies uncovered the following items. Assume all items involve cash unless there is information to the contrary.

1. Issuance of capital stock. 8. Purchase of land.

2. Amortization of patent. 9. Payment of dividends.

3. Issuance of bonds for land. 10. Sale of building at book value.

4. Payment of interest on notes payable. 11. Exchange of land for patent.

5. Conversion of bonds into common stock. 12. Depreciation.

6. Sale of land at a loss. 13. Redemption of bonds.

7. Receipt of dividends on investment in stock. 14. Receipt of interest on notes receivable.

Instructions Indicate how the above items should be classified in the statement of cash flows using the following four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity.