Classify each of the following transactions as operational, investment, or financing activities. Use the following letters:

a. Operational activity

b. Investment activity

c. Financing activity

d. Not presented in the Statement of Cash Flows or disclosed in a note

1.Purchase of treasury stock

2.Purchase of shares issued by another company

3.Sale of bonds payable (bond issuance)

4.Sale of available-for-sale bonds

5.Sale of trading bonds

6.Receipt of insurance reimbursement for inventory destroyed by fire

7.Payment of premium for a life insurance policy, corresponding to the expense portion

8.Payment of premium for a life insurance policy, corresponding to the cash surrender value of the policy

9.Purchase of land in exchange for common stock

10.Purchase of bonds for trading

11.Balance of zero-coupon bonds payable, corresponding to accumulated interest portion

12.Balance of zero-coupon bonds payable, corresponding to principal portion

13.Payment for rent expense

14.Cash purchase of raw materials for manufacturing

15.Receipt of dividends from an equity method investment in stocks

16.Payment of property taxes

17.The company purchased land and a building and had to pay backdated property taxes on the mentioned assets.

18.Payment for freight on purchased raw materials

19.Payment for freight on purchased manufacturing machinery

20.Purchase of financial instruments classified as cash equivalents.