3 REQUIRED: Indicate if the following item is identified as an operating activity (O), investing activity (I), or a financing activity (F) on the Statement of Cash Flows. Put your answers in the test booklet. 1. payment of dividends 2. sale of merchandise 3. purchase of an insurance policy 4. sale of equipment 5. sale of stock 6. payment of salaries 7. issue a bond 8. purchase of land 9. purchase of merchandise inventory