2. For each event listed below, select the appropriate category which describes the effect of the event on a statement of cash flows: a. Cash provided/used by operating activities. b. Cash provided/used by investing activities. c. Cash provided/used by financing activities. d. Not a cash flow. 1. Payment on long-term debt 2. Issuance of bonds 3. Collection of cash from accounts receivable 4. Hiring of a new employee 5. Issuance of stock to acquire land 6. Cash received for services provided 7. Payment of employees' wages 8. Issuance of share capital-ordinary for cash 9. Payment of income taxes payable 10. Purchase of equipment 11. Purchase of treasury stock 12. Sale of long-term investment The following items were taken from the financial statements of Horace, Inc., over a three-year period: Item 2018 2017 2016 Net Sales OMR 355,000 OMR 340,000 OMR 300,000 Cost of Goods Sold 214,000 202,000 186,000 Gross Profit OMR 141,000 OMR 138,000 OMR 114,000 Instructions Compute the following for each of the above time periods, using horizontal analysis. a. The amount and percentage change from 2016 to 2017. b. The amount and percentage change from 2017 to 2018