E12-2 An analysis of comparative balance sheets, the current years 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. (a) Payment of interest on notes payable. (h) Issuance of capital stock. (b) Exchange of land for patent. (c) Sale of building at book value. (d) Payment of dividends. (e) Depreciation (f) Conversion of bonds into common (i) Amortization of patent. G) Issuance of bonds for land. (k) Purchase of land. (l) Receipt of dividends on investment in stock stock. (m) Loss on disposal of plant assets (g) Receipt of interest on notes receivable. (n) Retirement of bonds. Instructions Analyze the transactions and indicate whether each transaction is an operating activity investing activity, financing activity, or noncash investing and financing activity