Any given transaction may affect a statement of cash flows (using the indirect method) in one or more of the following ways: Cash flows from operating activities a. Net income will be increased or adjusted upward. b. Net income will be decreased or adjusted downward. Cash flows from investing activities C. Increase as a result of cash inflows. d. Decrease as a result of cash outflows. Cash flows from financing activities Increase as a result of cash inflows. f. Decrease as a result of cash outflows. The statement of cash flows is not affected g. Not required to be reported in the body of the statement. e. For each transaction listed below, list the letter or letters from above that describe(s) the effect of the transaction on a statement of cash flows for the year ending December 31, 2021. (Ignore any income tax effects.) 1. Preferred stock with a carrying value of $44,000 was redeemed for $50,000 on January 1, 2021. 2. 6. An appropriation of retained earnings for treasury stock of $35,000 is established in 2021. . 7. > A cash dividend of $8,000 is paid on December 31, 2021. The portfolio of long-term investments (available-for-sale) is at an aggregate market value higher than aggregate cost at December 31, 2021. 8.