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Question 1 2.5 pts The transactions below relate to ABC Company. Indicate how each transaction would be reflected on the statement of cash flows. Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all. [Choose ] ABC purchased $40,000 worth of store equipment from Libby Company by paying $8,000 cash and agreeing to pay the remainder within six months. [Choose ] ABC Company received $3,000 cash from a customer for services to be performed in the following month. ABC Company sold stock to owners for $100,000 cash. [ Choose ] [Choose ] ABC Company recorded $8,000 of depreciation on its buildings and equipment ABC Company received and paid a $5,000 bill for advertising. [ Choose ] operating activity cash inflow financing activity cash outflow operating activity cash outflow investing activity cash outflow investing activity cash inflow this transaction does not affect the cash flow statement financing activity cash inflow Question 2