Buccaneers Corp. had the following activity in its most recent year of operations: 1 Purchase of equipment 2 Repayment of loans m+ 3 4 5 6 60 Sales of building Depreciation of equipment Exchange of equipment for furniture of equal fair value Issue of common shares Issue of bond for land Payment of dividends on common shares Increase in interest receivable on notes receivable 8 9 10 Payments of principal on an operating line of credit 11 Payments of interest on an operating line of credit 12 Receipt of interest income on a note receivable Instructions Assume that Buccaneers Corp. follows IFRS and that the company has adopted the policy of classifying a. Dividends received as operating activities; b. Dividends paid as financing activities; C. Interest received as operating activities; d. Interest paid as operating activities; Using the indirect method, classify the items as one of the following: 123 an operating activity, added to net income; an operating activity, deducted from net income; an investing activity: 3 45 4 a financing activity: 5 a non-cash investing activity: 6 a non-cash financing activity: 7 none of the above. Where there are choices or options in the classification, provide detail of the options available.