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 Assume Wellman uses ASPE to prepare its financial statements Indicate how each item should be classified in the cash flow statement using these four major classifications 1 Payment of interest on notes payable select an activity Investing ActivityFinancing ActivitySignificant Noncash Investing and Financing ActivityOperating Activity 2 Exchange of land for patent select an activity Significant Noncash Investing and Financing ActivityOperating ActivityInvesting ActivityFinancing Activity 3 Sale of building at book value select an activity Financing ActivityInvesting ActivityOperating ActivitySignificant Noncash Investing and Financing Activity 4 Payment of dividends select an activity Operating ActivityFinancing ActivitySignificant Noncash Investing and Financing ActivityInvesting Activity 5 Depreciation select an activity Operating ActivitySignificant Noncash Investing and Financing ActivityFinancing ActivityInvesting Activity 6 Receipt of dividends on investment select an activity Investing ActivityFinancing ActivityOperating ActivitySignificant Noncash Investing and Financing Activity 7 Receipt of interest on notes receivable select an activity Operating ActivitySignificant Noncash Investing and Financing ActivityInvesting ActivityFinancing Activity 8 Issuance of common shares select an activity Financing ActivityOperating ActivitySignificant Noncash Investing and Financing ActivityInvesting Activity 9 Amortization of patent select an activity Financing ActivitySignificant Noncash Investing and Financing ActivityOperating ActivityInvesting Activity 10 Issuance of Wellman bonds at par for land select an activity Financing ActivityOperating ActivitySignificant Noncash Investing and Financing ActivityInvesting Activity 11 Purchase of land select an activity Significant Noncash Investing and Financing ActivityFinancing ActivityOperating ActivityInvesting Activity 12 Conversion of bonds into common shares select an activity Financing ActivitySignificant Noncash Investing and Financing ActivityOperating ActivityInvesting Activity 13 (i) Sale of land at a loss Proceeds from sale of land select an activity Investing ActivityFinancing ActivityOperating ActivitySignificant Noncash Investing and Financing Activity 13 (ii) Sale of land at a loss Loss on sale of land select an activity Operating ActivitySignificant Noncash Investing and Financing ActivityFinancing ActivityInvesting Activity 14 Sale of Wellman bonds

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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

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. Assume Wellman uses ASPE to prepare its financial statements. Indicate how each item should be classified in the cash flow statement using these four major classifications:

1.	Payment of interest on notes payable	select an activity Investing ActivityFinancing ActivitySignificant Noncash Investing and Financing ActivityOperating Activity
2.	Exchange of land for patent	select an activity Significant Noncash Investing and Financing ActivityOperating ActivityInvesting ActivityFinancing Activity
3.	Sale of building at book value	select an activity Financing ActivityInvesting ActivityOperating ActivitySignificant Noncash Investing and Financing Activity
4.	Payment of dividends	select an activity Operating ActivityFinancing ActivitySignificant Noncash Investing and Financing ActivityInvesting Activity
5.	Depreciation	select an activity Operating ActivitySignificant Noncash Investing and Financing ActivityFinancing ActivityInvesting Activity
6.	Receipt of dividends on investment	select an activity Investing ActivityFinancing ActivityOperating ActivitySignificant Noncash Investing and Financing Activity
7.	Receipt of interest on notes receivable	select an activity Operating ActivitySignificant Noncash Investing and Financing ActivityInvesting ActivityFinancing Activity
8.	Issuance of common shares	select an activity Financing ActivityOperating ActivitySignificant Noncash Investing and Financing ActivityInvesting Activity
9.	Amortization of patent	select an activity Financing ActivitySignificant Noncash Investing and Financing ActivityOperating ActivityInvesting Activity
10.	Issuance of Wellman bonds at par for land	select an activity Financing ActivityOperating ActivitySignificant Noncash Investing and Financing ActivityInvesting Activity
11.	Purchase of land	select an activity Significant Noncash Investing and Financing ActivityFinancing ActivityOperating ActivityInvesting Activity
12.	Conversion of bonds into common shares	select an activity Financing ActivitySignificant Noncash Investing and Financing ActivityOperating ActivityInvesting Activity
13 (i).	Sale of land at a loss: Proceeds from sale of land	select an activity Investing ActivityFinancing ActivityOperating ActivitySignificant Noncash Investing and Financing Activity
13 (ii).	Sale of land at a loss: Loss on sale of land	select an activity Operating ActivitySignificant Noncash Investing and Financing ActivityFinancing ActivityInvesting Activity
14.	Sale of Wellman bonds