Current Attempt in Progress An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Hailey Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate how each item should be classified in the statement of cash flows (indirect method) using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect method), investing activity, financing activity, or significant noncash investing and financing activity. (a) Exchange of land for patent. (b) Sale of building at book value. (c) Payment of dividends. (d) Depreciation of plant assets (e) Conversion of bonds into common stock (1) Issuance of capital stock.