3 Below are several transactions that took place in Seneca Company last year: 1 points a. Pald suppliers for inventory purchases. b. Bought equipment for cash. c. Paid cash to repurchase its own stock. d. Collected cash from customers e. Pald wages to employees 1. Equipment was sold for cash 9. Common stock was sold for cash to investors. h. Cash dividends were declared and paid. I. A long-term loan was made to a supplier J. Income taxes were paid to the government k. Interest was paid to a lender. 1. Bonds were retired by paying the principal amount due. Required: Indicate how each of the above transaction would be classified on a statement of cash flows. As appropriate, place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outfiow column Required: Indicate how each of the above transaction would be classified on a statement of cash flows. As appropriate, place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column. Operating Activity Investing Activity Financing Activity Cash Inflow Cash Outflow b. d 0 Transaction Pald suppliers for inventory purchases Bought equipment for cash Paid cash to repurchase its own stock Collected cash from customers Paid wages to employees Equipment was sold for cash Common stock was sold for cash to investors Cash dividends were declared and paid A long-term loan was made to a supplier Income taxes were paid to the govement Interest was paid to a lender Bonds were retired by paying the principal amount dus 9 h k