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 ($444,000).
b. Reported profits of $6,216,000 for the most recent year.
c. Issued bonds with a six-year maturity date for $1,776,000.
d. Retired a long-term note payable.
e. Sold a 30% interest in a company.
f. Paid cash dividends of $1,776,000.
h. Sold a new plant for $4,440,000.
h. Sold equipment for $444,000.
i. Issued common stock for $888,000.