Name: Part A: For each of the following transactions, indicate the appropriate section on the Cash Flows Statement. Use the following key: OP operating section IN investment section FN finance section = = S supplementary section 1) Bought a machine for cash (0.2 pt) 2) Paid a cash dividend (0.2 pt) 3) Issued common stock for cash (0.2 pt) 4) Sold land for cash (0.2 pt) 5) Made sales for cash (0.2 pt) 6) Paid a utility bill in cash (0.2 pt) 7) Issued common stock for a building (0.2 pt) 8) Converted bonds payable into common stock (0.2 pt) 9) Borrowed cash on a mortgage (0.2 pt) I Part B: The following items relate to the operating section (direct method) 10) A/R (Jan 1) A/R (Dec 31) Sales on account $8,000 10,000 15,000 Find cash collections on A/R (0.7 pts) 11) Utilities payable (Jan 1) $ 18,000 Utilities payable (Dec 31) 6,000 Utilities expense 11,000 Find cash payments for utilities (0.7 pts) 12) Prepaid Insurance (Jan 1) $19,000 Prepaid Insurance (Dec 31) 16,000 Insurance expense 17,000 Find cash pre-payments for insurance (0.7 pts)