Classify the following cash flows as either operating, investing, or financing activities, assuming the indirect method. Activity Cash Flow 1. Issued preferred stock for cash. 2. Paid long-term debt with cash. 3. Issued common stock for cash. 4. Paid cash for wages and salaries. 5. Received cash interest on a note. 6. Paid cash for property taxes on building. 7. Paid cash for utilities. 8. Paid cash for rent. 9. Paid cash for a building. 10. Purchased inventories with cash