Activity Classification During the last 2 years of operations, Barnes Company had the following transactions: Required: Classify each of these transactions as an operating activity, an investing activity, or a financing activity and indicate whether the activity is a source of cash or a use of cash. a. Reported a loss for the year ($452,000). b. Reported profits of $6,328,000 for the most recent year. c. Issued bonds with a six-year maturity date for $1,808,000. d. Retired a long-term note payable. e. Sold a 30% interest in a company. f. Paid cash dividends of $1,808,000. h. Sold a new plant for $4,520,000. h. Sold equipment for $452,000. i. Issued common stock for $904,000.Change in Cash Blaylock Company provided the following information: Blaylock Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Cash $1,607,000 $2,260,000 Required: 1. Calculate the change in cash. 2. Explain the role of the change in cash flow in the statement of cash flows. 1. The sum of the operating, investing, and financing cash flows must equal the change in cash from 20X1 to 20X2 2. The operating cash flow must be greater than the change in cash from 20X1 to 20X2. 3. The sum of the operating, investing, and financing cash flows must greater the change in cash from 20X1 to 20X2. 4. The sum of the operating and financing cash flows must equal the change in cash from 20X1 to 20X2.Cash Flows From Investing Activities During the year, Murray Company sold equipment with a book value of $125,000 for $175,000 (original purchase cost of $225,000). New equipment was purchased. Murray provided the following comparative balance sheets: II'lurrayIr Companyr Comparative Balance Sheets At December 3 1, 20X1 and 20x2 20X1 20x2 LongTerm Assets Plant and equipment $1,000,000 $1,025,000 Accumulated depreciation (500,000) (525,000) ) Land 500,000 712,?50 Required: Calculate the investing cash ows for the current year. Use a minus sign to indicate a cash outow. $l:l Cash Flows from Financing Activities Murray Company earned net income of $450,000 in 20X2. Murray provided the following information: Murray Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Bonds payable $ 285,000 Mortgage payable 50,000 Common stock 187,500 187,500 Paid-in capital in excess of par 140,000 140,000 Retained earnings 912,500 1,162,500 Required: Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow