An analysis of comparative balance sheets, the current years income statement, and the general ledger accounts of Guillen Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate where each item should be reported in the statement of cash flows (indirect method), using these categories: (1) operating activity (added to net income), (2) operating activity (deducted from net income), (3) investing activity, (4) financing activity, (5) significant noncash investing and financing activity, or (6) not separately reported in the statement of cash flows. More than one number can be used per item.

Payment of interest on notes payable.

Operating activity (added to net income)

Operating activity (deducted from net income)

Investing activity

Financing activity

Significant noncash investing and financing activity

Not separately reported in the statement of cash flows

Sale of building for an amount greater than book value.

Operating activity (added to net income)

Operating activity (deducted from net income)

Investing activity

Financing activity

Significant noncash investing and financing activity

Not separately reported in the statement of cash flows

Receipt of dividends on investment in stock.

Operating activity (added to net income)

Operating activity (deducted from net income)

Investing activity

Financing activity

Significant noncash investing and financing activity

Not separately reported in the statement of cash flows

Sale of land for an amount less than cost.

Operating activity (added to net income)

Operating activity (deducted from net income)

Investing activity

Financing activity

Significant noncash investing and financing activity

Not separately reported in the statement of cash flows