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Question: Effects of transactions statement of cash flows Any given transaction may affect a statement of cash flows (using the indirect method) in one or more following ways: Cash flows from operating activities a. Net income will be increased or adjusted upward. b. Net income will be decreased or adjusted downward. Cash flows from investing activities c. Increase as a result of cash inflows. d. Decrease as a result of cash outflows. Cash flows from financing activities e. Increase as a result.of cash inflows. f. Decrease as a result of cash outflows. The statement of cash flows is not affected g. Not required to be reported in the body of the statement. For each transaction listed below, list the letter or letters from above that describe(s) the effect of the transaction on a statement of cash flows for the year ending December 31 , 2018. (Ignore any income tax effects.) A transaction may impact the Statement of Cash Flow in two areas. 1. A cash dividend of $8,000 is paid on December 31,2020 . 2. Uncollectible accounts receivable of $3,000 were written off against the allowance for doubtful accounts balance of $12,200 on December 31, 2020. 3. Machinery which originally cost $3,000 and has a book value of $1,800 is sold for $1,400 on December 31,2020. 4. Preferred stock with a par value of $44,000 was issued for $50,000 on January 1 , 2020 5. Land is acquired through the issuance of bonds payable on July 1, 2020. 6. A stock dividend of 10% is declared and distributed on February 1,2020. 7. A repurchase of common stock is approved and the company repurchases 10,000 shares of common stock for their treasury. 8. Equity investments in which we hold less than 20%, are adjusted to Market Value at year end and the market value is greater than the cost