P4-5 Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither (N). Item Cash Accounts payable Notes payable Fixed assets Sale of stock Depreciation Change (S) Item Change ($) Cash dividends+540 Accounts receivable460 -160 +475 -1,890 +380 +150 +1,100 -530 Inventory +550 Repurchase of stock +950 Long-term debt +110 Net profits