Below are transactions that took place in Placid Company during the past year. a. Equipment was purchased. b. A cash dividend was declared and paid. c. Accounts receivable decreased. d. Short-term investments were purchased. e. Equipment was sold. f. Preferred shares were sold to investors. g. Interest was paid to long-term creditors. h. Salaries and wages payable decreased. L. Shares of another company were purchased. JBonds were issued that will be due in 10 years. k. Rent was received from subleasing of space, reducing rents receivable. L. Common shares were repurchased and retired. Required: For each of the above transactions, indicate whether it would be classified as an operating, investing, or financing activity for would not be reported) on the cash flow statement. a Equipment was purchased D C Cash dividends declared and paid Accounts receivable decreased d Short-term investments purchased e Equipment was sold Transaction Preferred shares were sold to investors Activity Operating Investing Financing