Indicate in which financial statement each item would most likely appear, by selecting income statement, balance sheet, or statement of cash flows from the drop down provided. Balance sheet Balance sheet a Rent payable b Cash from operating activities c Salarios payable d Taxes expense e Taxes payable Legal expense g Supplies h Notes payable Income statement Statement of cash flows Identify the following cash flows as reported under either operating activities, Investing activities, or financing activities. Statement of cash flow Investing activities Description 1 Cash paid to lenders 2 Cash paid for repayment of loan 3 Cash paid for advertising 4 Cash paid for salaries 5. Cash paid for machinery 6 Cash paid for rent 7 Cash received from bank loan 8 Cash paid for buildings Financing activities Investing activities Operating activities saved Saved Classify each of the following items as assets, liabilities, or equity from the drop down provided. 1 Computer equipment 2. Wages payable 3 Buildings 4 Equipment 5. Salaries payable 6. Land Assets Equity Liabilities Classify each of the following items as revenues, expenses, or dividends from the drop down provided. 1. Advertisement expense 2. Wages expense 3. Consulting revenue 4. Rent expense 5. Insurance expense 6. Cash dividends 7. Utilities expense 8. Service revenue Dividends Expenses Revenues