8. Place an X in the appropriate columns for each of the following situations. on Cash Flows Classification Effect on cash Operating Investing Financing Cash Trans- Transaction Activity Activity Activity + action - Paying off accounts payable Issuance of bonds for cash Sale of land for cash a. b. c. d. Collected $1,000 accounts receivable e Paid $10,000 cash dividend f. Acquired land for common stock g. Purchased building for cash h. Sales of inventory on account i. Net Income Issue common stock to retire bonds