For each of the following independent transactions, indicate the type of activity (operating investing or financing) and the effect on cash (amount and increase or decrease). Effect on Cash Type of Activity Transaction Declared cash dividends of S21,000 during the current period. Dividends payable on January 1 were $1,500 and on December 31 were $2,300. Interest income on the income statement for the current period was $22,000. Interest receivable on January1 was $2,700 and on December 31 was $2,250. issued $ 1 ,000,000, l O year, l 0% bonds at l 02 Sales on account for the current period were $160,000. Accounts receivable on January 1 were $95,000 and on December 31 were $106,000. Equipment was purchased for $215,000. Sold 1,000 shares of $20 par common stock for cash at $29. Salary expense for the current period was $151,500 Salary payable on January 1 was $20,300 and on December 31 was $17,800