5. In a statement of cash flown receipts from sales of property. phara, and equavrout generally are clanified as A. Investing activities 13. Selling expenses C. Operating activities D. Financing activities Part 2 Classifications Where would cach of the following's items mast Fikely be reported in the company's financial statements? Assume the amount of each items is material and the company's uses a perpetual inventory systems, ( 15 points) 1. Loss on sale of equipment 2. Office supplies used. 3. Corrections of miscount of las year's ending inventory 4. Freight in 5. Delivery expense 6. Dividend income 7. Gain from retirement of debt. 8. Change in the estimated useful life of office equipment. 9. Summary of accounting policies 10. Purchases return and allowances. 11. Income tax expense on continuing income 12. Stock dividend 13. Loss resulting from tornado damage. 14. Merchandise inventory (ending) 15. Unrealized decrease in market value of available-for-sale securities