ash flow items must be categorized into one of four categories. Identify each item as$$ operating, investing,$$ financing, or$$ non$-$cash.

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Part $1$

Part $2$

a$.$ Cash purchase of merchandise inventory

Operating

b$.$ Cash payment of dividends

Financing

c$.$ Cash receipt from the collection of long$-$term notes receivable

Investing

d$.$ Cash payment for income taxes

e$.$ Purchase of equipment in exchange for notes payable

f$.$ Cash receipt from the sale of land