1. Consider the following three cash flows.

Cash paid for dividends

Cash paid for rent

Cash paid for inventory purchases

Which ONE of the following sequences represents the CORRECT categorization of these three cash flows?

a. Dividends investing; rent operating; inventory purchases operating

b. Dividends financing; rent investing; inventory purchases operating

c. Dividends investing; rent operating; inventory purchases financing

d. Dividends financing; rent investing; inventory purchases investing

e. Dividends financing; rent operating; inventory purchases operating

f. Dividends investing; rent investing; inventory purchases operating