Consider the following business activities and classify each of the items by type of business activity: operating, investing, or financing 1. Cash receipts from customers paying for daily ski passes Type of Activity Operating 2. Payments made to purchase additional snow-making equipment Investing 3. Payments made to repair the grooming machines Operating 4. Receipt of funds from the bank to finance the purchase of the additional snow-making equipment Financing 7. Payment of interest on the bank loan Operating 8. Payment of salaries to the employees who operate the ski lifts Operating 9. Receipt of a grant from the government for training a group of disabled skiers Operating 10. Payment of dividend to shareholders Financing