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Identify cach of the following transactions as one of the following, using the indirect method of the statement of cash flows: o Operating activity 1

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Identify cach of the following transactions as one of the following, using the indirect method of the statement of cash flows: o Operating activity 1 Investing Activity F Financing activity NIF Non-cash investing and financing activity N Not reported on the statement of cash flow Also, for each cash flow activity only, indicate whether the item increases (+) or decreases (-) cash. Loss on sale of land Acquisition of equipment by issuance of note payable c) Payment of long-term debt 4) Acquisition of building by issuance of common stock Increase in Salaries Payable Decrease in Inventory u Increase in Prepaid Expenses Decrease in Accrued Liabilities Cash sale of land Issuance of long-term note payable to borrow cash k) Depreciation Expense 1) Purchase of Treasury Stock m) Issuance of Preferred Stock n) Increase in Accounts Payable o) Net Income p) Payment of cash dividends

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