kicquired nof the statement of cash flows using the direct method. (a) Paid suppliers. (a) the following transactions. (b) Received dividend from an associate. (c) Sold investments at a gain. (d) Purchased copyrights for cash. Problem 13.8 (e) Issued debentures in exchange for equipment. (f) Paid interest on bank overdraft. (g) Converted debentures into equity shares. (h) Received payments from customers, (i) Purchased investments for cash. (j) Purchased a 60-day certificate of deposit for cash. (k) Paid advance to a supplier of equipment. (l) Sold a 90-day Treasury bill. (m) Collected instalment payments for the sale of an old plant. (n) Earned a net profit. (o) Disposed of equipment at a gain. (p) Entered into a lease for a new machine (q) Sold equipment for cash at carrying amount. (r) Issued convertible debentures for cash. (s) Paid festival bonus to employees. (t) Collected insurance proceeds from a patent infringement suit. (u) Paid instalments for the purchase of inventories. Problem 1 Classificatiom 1. Classify each as an operating activity, investing activity, financing activity, non-cash activity, or cash management activity. 2. State whether the transaction results in an increase in cash, a decrease in cash, or no effect