Concepts What is the purpose of the statement of cash flow? Matching MI: For each of the following, identify the appropriate section and impact on the statement of cash flows under the indirect method: operating (O+ or O-), financing(F+ or F.),investing l+ or I-) activity, or Non-cash activity N) Note (+)-add and ()-subtract b. sold patents net income issued preferred stock d. c. paid cash dividends deprociation expense sold long-term investments redeemed bonds received dividends purchased treasury stock acquired equipment -purchased stock in another company m. issued bonds n. paid interest expense issue common stock for organirational expenses M2: Indicate whether each of the following would be added (+) to or subtract (-) from net income in determining net cash flow from operating activities by the indirect method: (a) Increase in prepaid expenses (b) Amortization of patents -(c) Increase in salaries payable (d) Gain on sale of fixed assets - (e) Decrease in accounts receivable -(f) Increase in notes receivable due in 60 days (g) Amortization of discount on bonds payable -(h) Decrease in inventory (i) Depreciation of fixed assets 0) Loss on retirement of long-term debt (k) Decrease in accounts payable -(0) Increase in notes payable due in 30 days (m) Increase in income taxes payable -(n) Decrease in accrued expenses (o) Decrease in wages payable