A company is preparing a statement of cash flows. The following transactions occurred during the year. TRANSACTIONS AFFECTING PREPARATION OF STATEMENT OF CASH FLOWS (1) Purchased a building for $80,000 cash. (2) Issued $70,000 worth of stock to acquire an airplane. (3) Converted long term bonds by issuing $100,000 worth of stock. Transaction (1) would be found on the statement as a: Select one: a. Noncash investing and financing activity. O b. Cash flow from investing activity. O c. Cash flow from financing activity. O d. Cash flow from operating activity