M11-23. Classification of Cash Flows Fitbit Inc. reports the following items in its 2018 statement of cash flow. For each item, indicate whether it would appear in the operating, investing, or financing section of the statement of cash flows (in $ thousands). a. Change in accounts payable b. Repayment of debt $35,207 Financing 747 Operating Activity c. Stock-based compensation 97,009 Operating d. Proceeds from issuance of common stock 21,470 Financing 0 e. Change in inventories f. Purchase of property and equipment g. Acquisitions, net of cash acquired h. Net loss i. Depreciation j. Purchase of marketable securities (12,860) Operating (52,880) Investing (19,253) Investing = (185,829) Operating = 48,889 Operating (353,948) Investing