Identify whether each of the following would be reported as an operating, investing, or financing activity on the Statement of Cash Flows:

1. Selling investments          
2. Cash sales                 
3. Paying income taxes in cash 
4. Borrowing money from a bank (issuance of notes payable) 
5. Paying dividends to your stockholders 
6. Paying for rent with cash  
7. Paying employees with cash  
8. Payment of principal on a loan  
9. Receiving dividends from your investments 
10. Purchasing equipment  
11. Paying for inventory with cash 
12. Paying interest on a loan  
13. Issuing common stock