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

Selected transactions for the Entity A are listed below.

_____1. Retirement of bonds payable.

_____2. Paid salaries.

_____ 3. Purchase of equipment.

_____ 4. Cash dividends paid.

_____5. Cash sale of merchandise.

_____6. Issue par value common stock for cash.

_____ 7. Exchange of land for a patent.

_____ 8. Land was sold for its book value.

_____ 9. Cash paid for inventory.

______10. Direct issuance of a long-term note payable to acquire a building.