Indicate where the following items would be classified on the statement of cash flows using the indirect method. (O = operating; I = investing; F = financing; N = noncash).

1. _____ Amortization of patent
2. _____ Paid cash dividends on preferred stock
3. _____ Issued a 10% stock dividend (1,000 shares)
4. _____ Gain on sale of land
5. _____ Issued bonds for stock
6. _____ Prepaid insurance decreased
7. _____ Paid for extraordinary repairs which were capitalized in the equipment account
8. _____ Issued preferred stock
9. _____ Sale of equipment
10. _____ Purchase of treasury stock
11. _____ Merchandise sales
12. _____ Issuance of a note payable
13. _____ Purchase of inventory
14. _____ Repayment of note payable
15. _____ Employee salaries
16. _____ Sale of land
17. _____ Issuance of bonds
18. _____ Acquisition of bonds of another corporation
19. _____ Payment of a cash dividend on common stock
20. _____ Purchase of an office building