FOPPI BIKES Ltd, sell bicycles, and has been running successfully for a number of years. The bank has requested a Cash-flow Statement for last month and Signor Foppi provides you with the following transactions / events, and asks for your assistance.

You are required to identify for each cash flow the correct classification, selecting from the drop down list; Operating, Investing or Financing. You must also indicate whether the cash-flow is an inflow or outflow. Where you believe there is no cash flow, use Not Applicable and No Cash-Flow label.

Transactions	Classification	Inflow/Outflow
Purchase inventory on credit $26,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Paid rent for the next three months	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Sold some bikes on credit $12,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Paid employees wages owing from last month	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Raised capital from a public share issue $250,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Repaid a 5 year bank loan $40,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Revalued some obsolete inventory down by $3,000 to its Net Realizable Value	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
An Account Receivable informed us they are bankrupt and will no longer be able to pay us $3,500	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Paid a dividend to the company's share holders $25,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Paid yearly insurance, $2400	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Purchased new shop furniture fittings and equipment $50,000 cash	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Received payment from an Account Receivable (customer)	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Sold some bikes for cash $18,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Paid an Account Payable (Inventory Supplier) $6,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Made a profit of $250 on the sale of some old computers and furniture	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Paid for wireless service and electricity	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Cost of Goods Sold expense for the month $15,000	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow
Depreciation expense for the month $8,750	AnswerOperatingInvestingFinancingNot Applicable	AnswerInflowOutflowNo Cash-flow