Classify the following activities as Operating (O), Investing (1), Financing Activities (F), or Noncash (NC). Type T Transactions A payment of $5,000 was made on a bank loan. $10,000 of common stock was issued for cash. Cash dividends of $2,500 were declared and paid to stockholders. Bonds were issued in exchange for equipment costing $7,000. Land was purchased for $25,000 cash. $750 of accrued salaries was paid. $10,000 of accounts receivable was collected. A building was purchased for $80,000 Along-term investment in shares of another company was sold for $50,000 cash. Equipment was sold for $6,000. $1,200 was paid for a 12-month insurance policy in effect next year Bonds were issued for $50,000 cash