3. Flint Enterprises entered into the following transactions during 2018: 1. Sold a piece of equipment with a book value of $7,700 for $1,300. 2. Purchased a parcel of land for $12,000. Purchased a three-year insurance policy for $9,900. 4. Issued 1,100 shares of common stock at $7 per share. 5. Collected a short-term note, including interest, in the amount of $2,700. 6. Collected $2,900 from customers that will not be earned until 2019. 7. Purchased a building in exchange for a long-term note with a face value of $16,100 (the present value of the note is $12,800). 8. Declared and paid a cash dividend of $6,900. 9. Paid $5,200 in salaries and wages. 10. Converted an outstanding receivable into a short-term note receivable that matures in February 2019. 11. Purchased $4,100 of inventory on account. 12. Wrote off an account ($500) as uncollectible (allowance method). 13. Recorded $8,200 in depreciation expense for the year. Classify each transaction identified in (a) as affecting cash as one of the following: (1) An operating activity (2) An investing activity (3) A financing activity 1. 8 . 9. 11.