2. 3000 points value: 30.00 points Problem 11-1A Determine proper classification (LO11-1) Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example Type of Activ Cash Inflow or Outflow Transaction Operating 1. Payment of employee salaries. 2. Sale of land for cash. 3. Purchase of rent in advance 4. Collection of an account receivable 5. Issuance of common stock. 6. Purchase of inventory 7. Collection of notes receivable 8. Paymen 9. Sale of equipment for a note receivable 10. Issuance of bonds. 11. Loan to another firm 12. Payment of a long-term note payable 13. Purchase of treasury stock. 14. Payment of an account payable. 15. Sale of equipment for cash. Cash outflow t of income taxes