Classifying Components of the Statement of Cash Flows The following table presents selected items from a recent cash flow statement of General Mills, Inc. For each item, determine whether the amount would be disclosed in the cash flow statement under operating activities, investing activities, or financing activities. (General Mills uses the indirect method of reporting cash flows from operating activities.) GENERAL MILLS, INC. Selected Items from its Cash Flow Statement 1 Payment of long-term debt 2 Change in receivables 3 Depreciation and amortization 4 Change in prepaid expenses 5 Dividends paid 6 Stock-based compensation 7 Cash received from sales of assets and businesses 8 Net earnings 9 Change in accounts payable 10 Proceeds from common stock issued 11 Purchases of land, buildings, and equipment GENERAL MILLS, INC. Selected Items from its Cash Flow Statement 1 Payment of long-term debt 2 Change in receivables 3 Depreciation and amortization 4 Change in prepaid expenses 5 Dividends paid Financing 6 Stock-based compensation Operating 7 Cash received from sales of assets and businesses 8 Net earnings Investing 9 Change in accounts payable 10 Proceeds from common stock issued 11 Purchases of land, buildings, and equipment =