Exerclse 13.11 (Statlc) Classlfyling Cash Flows (LO13-2) Among the transactions of Salem, Inc., were the following. a. Made payments on accounts payable to merchandise suppllers. b. Paid the principal amount of a note payable to First State Bank. c. Paid interest charges relating to a note payable to First State Bank. d. Issued bonds payable for cash; management plans to use this cash in the near future to expand manufacturing and warehouse capabilitles. e. Paid salarles to employees in the finance department. f. Collected an account recelvable from a customer. g. Transferred cash from the general bank account into a money market fund. h. Used the cash recelved in d, to purchase land and a bullding sultable for a manufacturling facility. 1. Made a year-end adjusting entry to recognize depreciation expense. J. At year-end, purchased for cash an insurance policy covering the next 12 months. k. Paid the quarterly dividend on preferred stock. I. Paid the semlannual interest on bonds payable. m. Recelved a quarterly dividend from an Investment In the preferred stock of another corporation. n. Sold for cash an Investment in the preferred stock of another corporation. o. Recelved cash upon the maturity of an Investment in cash equivalents. (lgnore interest.) Required: Most of the preceding transactions should be Included among the actlivitles summarized in a statement of cash flows. For each transaction that should be Included In this statement, Indicate whether the transaction is classified as an operating activity, an Investing actlvity, or a financing actlvity. (Assume that net cash flows from operating actlvitles are determined by the direct method.) (Select "None" if none of the categorles apply for a particular item.)