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An analysis of comparative balance sheets, the current years income statement, and the general ledger accounts of Wellman Corp. uncovered the following items. Assume all

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An analysis of comparative balance sheets, the current years income statement, and the general ledger accounts of Wellman Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate how each item should be classified in the statement of cash flows using these major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity. Payment of interest on notes payable Exchange of land for patent. Sale of building at book value Payment or dividends. Depreciation Receipt of dividends on investment in stock. Receipt of interest on notes receivable. Issuance of capital stock. on of patent. Issuance of bonds for land. Purchase of land. Conversion of bonds into common stock. Loss on sale of land. Retirement of bonds. Investing Activity Financing Activity Operating Activity Significant Noncash investing and Financing Activity

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