Part 2: Listed below are several transactions that typically produce either an increase or a decrease in cash. Indicate by letter whether the cash effect of each transaction is reported on a statement of cash flows as an operating (O), investing (), or financing (F) activity. Also, if it is a cash inflow put a plus sign before the letter. If it is a cash outflow, then put a minus sign before the letter. For example for a cash inflow from financing activities, put a +F. Assume that the direct method is used. Number Transaction Letter 1Sale of preferred stock 2 Sale of equipment at a gain 3 Purchase of treasury stock 4 Merchandise sales 5 Issuance of a short-term note pavable 6 Purchase of invento 7 Re 8 Emplovee salaries 9 Sale of land nent of a note pavable 10Issuance of bonds 11Acquisition of bonds of another corporation 12 Pavment of semiannual interest on bonds pavable 13 Pavment of a cash dividend 14Purchas of an office buildin Collection of nontrade notes receivable (principal 15 amount 16 Loan to another compan 17 Retirement of common stock 18 Pavment of income taxes 9 Issuance of a long-term notes payable 20 Sale of a patent