Item 1: Classify each transaction as either an operating activity OA, an investing activity IA, or a financing activity FA, or a noncash investing and financing activity NC.

Selected transactions for the Entity A are listed below.

_____1. Common stock is sold for cash.

_____2. Interest on a short-term note receivable is collected.

_____ 3. Equipment was purchased by signing a 3-year, 5% note payable.

_____ 4. Cash dividends paid.

_____5. Cash sale of merchandise.

_____6. Retire bonds payable.

_____ 7. Exchange of land for a patent.

_____ 8. Land was sold for its book value.

_____ 9. Cash paid for inventory.

_____10. Office building was purchased for cash .