Britney Hotels Corporation had the following transactions during 2004. LO3 1. Issued $50,000 par value common stock for cash.

2. Collected $16,000 of accounts receivable.

3. Declared and paid a cash dividend of $25,000.

4. Sold a long-term investment with a cost of $15,000 for $15,000 cash.

5. Issued $200,000 par value common stock upon conversion of bonds having a face value of

$200,000.

6. Paid $18,000 on accounts payable.

7. Purchased a machine for $30,000, giving a long-term note in exchange.

Instructions Analyze the transactions above and indicate whether each transaction resulted in a cash flow from

(a) operating activities,

(b) investing activities,

(c) financing activities, or

(d) noncash investing and financing activities.