Featheringtons Inc. had the following transactions during 2021. Assume that featheringtons Inc. uses IFRS, prepares the statement of cash flow using the indirect method, and classifies dividends paid as financing activities and interest 3 paid as operating activities on the statement of cash flows. 4 5 REQUIRED For each transaction, identify whether the transaction should be considered a cash flow from operating, investing, or financing activities, or whether the transaction is a significant non-cash activity. If the transaction does not fit any of the selections, choose "NONE." 6 7 8 SELECTION TRANSACTION (1). Declaration of a 2-for-1 stock split. (2). Purchased a FV-Nl investment for $5,000 cash. Purchased shares in another company as a long-term investment for D (3). Purchased shares in another company as a long-term investment for $75,000 cash 14 15 Purchased equipment for $420,000 in exchange for common shares. 76 77 18 9 (4). investing Activity INONE Operating Activity (5). Significant Non-Cash Activity Issued $1,000,000 of bonds payable. A new finance lease for equipment was signed at year-end. The present value of annual lease payments is $200,000 which equals the equipment's fair value at lease inception. The first monthly payment is due next fiscal year. (6). (7). Wrote off uncollectible accounts receivable of $8,000 against the allowance for doubtful accounts balance of $10,500. D (6). present value of annual lease payments is $200,000 which equals the equipment's fair value at lease inception. The first monthly payment is due next fiscal year. 30 P1 17). L Wrote off uncollectible accounts receivable of $8,000 against the allowance for doubtful accounts balance of $10,500. (8). Redeemed common shares with a carrying value of $44,000 for $50,000