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Eng Corporation, a private corporation reporting under ASPE, had the following transactions: Complete the below table for each of the following requirements. (Show amounts that

Eng Corporation, a private corporation reporting under ASPE, had the following transactions: Complete the below table for each of the following requirements. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. Enter 0 for amounts.)

(a)Classify each transaction as an operating activity, investing activity, financing activity, or noncash transaction.
(b)Specify whether the transaction represents a cash inflow, cash outflow, or has no effect on cash, and in what amount. If there is no effect on cash, put 0 under the (b) column.

(a)(b)
TransactionClassificationCash Inflow or Outflow

1.

Sold inventory for $1,000 cash.

Operating$1,000

2. (i)

Purchased a machine for $30,000. Made a $5,000 down payment.

select a classification NoncashFinancingInvestingOperating$enter a dollar amount

2. (ii)

Issued a long-term note for the remainder.

select a classification InvestingNoncashFinancingOperating$enter a dollar amount

3.

Issued common shares for $50,000.

select a classification InvestingOperatingFinancingNoncash$enter a dollar amount

4.

Collected $16,000 of accounts receivable.

select a classification NoncashInvestingFinancingOperating$enter a dollar amount

5.

Paid a $25,000 cash dividend.

select a classification FinancingNoncashOperatingInvesting$enter a dollar amount

6.

Sold a long-term equity investment with a carrying value of $15,000 for $10,000.

select a classification FinancingNoncashInvestingOperating$enter a dollar amount

7.

Sold $200,000 worth of bonds at par.

select a classification NoncashFinancingInvestingOperating$enter a dollar amount

8.

Paid $18,000 on accounts payable.

select a classification InvestingNoncashFinancingOperating$enter a dollar amount

9.

Purchased inventory for $28,000 on account.

select a classification InvestingFinancingNoncashOperating$enter a dollar amount

10.

Purchased a long-term investment in bonds for $100,000.

select a classification InvestingNoncashOperatingFinancing$enter a dollar amount

11.

Sold equipment with a carrying amount of $16,000 for $13,000.

select a classification InvestingNoncashFinancingOperating$enter a dollar amount

12.

Paid $12,000 interest expense on long-term notes payable.

select a classification NoncashFinancingOperatingInvesting$enter a dollar amount

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