9:21 ed For each of the below transactions in Placid Company during the past year, indicate whether it should be classified as a source or a use (or neither) on a simplified cash flow statement. Transaction a. Equipment was purchased. b. A cash dividend was declared and paid. C Accounts receivable decreased. d. Short-term investments were purchased. e. Equipment was sold. f. Preferred shares were sold to investors. g. Interest was paid to long-term creditors. h. Salaries and wages payable decreased 1. Shares of another company were purchased j. Bonds were issued that will be due in 10 years. k Rent was received from subleasing of space, reducing rents receivable. L Common shares were repurchased and retired

For each of the below transactions in Placid Company during the past year, indicate whether it should be classified as a source or a use (or neither) on a simplified cash flow statement