Michael Phelps Corporation had the following transactions during the year. Issued exist50,000 par value common stock for cash. Collected exist16,000 of accounts receivable. Declared and paid a cash dividend of exist25,000. Sold a long-term investment with a cost of exist15,000 for exist15,000 cash. Issued exist200,000 par value common stock upon conversion of bonds having a face value of exist200,000. Paid 18,000 on accounts payable. Purchases a machine for exist30,000, giving a long-term note in exchange. Instructions: Analyze the transactions on the previous page and indicate whether each transaction resulted in a cash flow from (a) operating activities, (b) investing activities, (c) financing activities, or (d) noncash inversing and financing activities