For each of the following independent transactions, you are to indicate, using the table on the next page, how the item(s) would be reflected on the Cash Flow Statement. That is, () whether the item is an increase or decrease and in what dollar amount, and (1) in which category or categories the item should be classified: operating, Investing, or financing. If the item does not affect the Cash Flow Statement indicate so in the last column "Other" by noting "No Effect". The first one (a) is done for you as an example. a) Land was purchased for $75,000 b) Machinery that had cost $16,400 and had accumulated depreciation of $5200 was sold for $7000. c) A dividend of $20,000 was declared and distributed d) Depreciation expense for the year was $15,000. e) Salaries payable increased during the year in the amount of 54000. 1) A building was purchased for $120,000 by issuing preferred shares. Operating Item (a) Investing Financing Other $75,000 decrease (b) (c) (d)