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Instructions Most of the preceding transactions should be included among the activities summarized in a state- et of cash flows. For each transaction that should

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Instructions Most of the preceding transactions should be included among the activities summarized in a state- et of cash flows. For each transaction that should be included in this statement, indicate whether the transaction should be c activity. If th briefly the direct method.) lassified as an operating activity, an investing activity, or a financing e transaction should not be included in the current year's statement of cash flows, explain why not. (Assume that net cash flows from operating activities are determined by Among the transactions of Marvel Manufacturing were the following: I. Made payments on accounts payable to office suppliers. 2. Paid the principal amount of a mortgage to Seventh Bank. 3. Paid interest charges relating to a mortgage to Seventh Bank 4. Issued preferred stock for cash; management plans to use this cash in the near future to purchase another company

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