Exercise 12-1 Indirect: Cash flow classification LO C1 The following transactions and events occurred during the year. Assuming that this company uses the indirect meth provided by operating activities, select where each item would appear on its statement of cash flows. a. Purchased a trademark with cash b. Sold land in return for cash Sold merchandise to customer for cash d. Prepaid expenses increased in the year Inventory increased in the year Sold equipment for cash, yielding a loss 9. Purchased a building with cash h. Received a cash dividend from investments Purchased equipment by issuing a note Income taxes payable increased in the year