For each of the following items, identify the section of the cash flow statement where it would appear. Use (O) for operating activities, (I) for investing activities, (F) for financing activities, (NIF) for the schedule of noncash investing and financing activities, and (N) if the item does not appear anywhere on the cash flow statement. Assume the statement is prepared using the direct method under ASPE. a.repurchase of shares _b.sale of land for cash c.depreciation of machinery d.conversion of bonds into common shares e.net income f.payment of cash dividends g.accrual of interest expense h.loss on sale of equipment _i.issuance of preferred shares for cash j.purchase of stock as a long-term investment k.distribution of a 10% stock dividend _1.sales on account _m.payment of income taxes n.interest received on notes receivable o.collection of accounts receivable Your best friend just lost his job because the company he was working for went bankrupt. He was complaining to you that even though the company had been profitable for three years in a row, it still went out of business. He asks you how this can happen