E5.13 (LO 3) (Statement of Cash Flows-Classifications) The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. 3. Investing activity. 4. Financing activity. 5. Reported as significant noncash activity. The transactions are as follows:a. Issuance of common stock. b. Purchase of land and building. c. Redemption of bonds. d. Sale of equipment. e. Depreciation of machinery. f. Amortization of patent. g. Issuance of bonds for plant assets. h. Payment of cash dividends. I. Exchange of furniture for office equipment. j. Purchase of treasury stock. k. Loss on sale of equipment. I. Increase in accounts receivable during the year. m. Decrease in accounts payable during the year. BE23-8 (L02) In 2017, Elbert Corporation had net cash provided by operating activities of $531,000, net cash used by investing activities of $963,000, and net cash provided by financing activities of $585,000. At January 1, 2017, the cash balance was $333,000. Compute December 31, 2017, cash. Supplemental Problem: The following information was available for plant assets. 1) Plant assets were purchased for cash $67,200 2) Plant assets with a historical cost of $46,000 and accumulated depreciation of $29,400 were sold for 35,000 cash. How should these transactions be shown on the statement of cash flows