Cornerstone Exercise 11-16 Classification of Cash Flows A review of the balance sheet of Peterson Inc. revealed the following changes in the account balances: Required: Classify each change in the balance sheet account as a cash flow from operating activities, a cash flow from investing activities, a cash flow from financing activities, or a noncash investing and financing activity a. Increase in long-term investment Increase in accounts receivable Increase in common stock Increase in long-term debt Decrease in accounts payable Decrease in supplies inventory Increase in prepaid insurance Decrease in retained earnings b. c. d. e. f. 9. h