Pine Land Company was formed when it acquired cash from the issue of common stock. The company then issued bonds at a premium on January 1 , Year 1 . Interest is payable annually on December 31 of each year, beginning December 3t Year 1 On January 2 Year 1, Pine Land Company purchased a piece of fand and leased it for an annual rental fee The rent is received annually on December 31, beginning December 31, Yeat 1. At the end of the eight year period (December 3t, Year B), the land was sold at a gain. and the bonds were paid off. A summary of the transactions for each year follows: Yeor 1 1. Acquired cash from the issue of common stock. 2 issued eaghtyear bonds 3. Purchased land. 4 Received land rental income 5. Recognized interest expense including the straight line amortization of the premilum and made the cash payment for interest on December 31 : Year 2 through Year 7 6. Received land rental income 7. Recognized interest expense, inctuding the straight-line amortiration of thefpremium, and made the cash poyment for interest on December 31 Yeor 8 8. Sold land at a gain. 9 Retired bonds at face value Identify each of these events and transactions as an asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE) Explain how each eveht affects the amount of total assets, thabities, equity, net income, and cash flow by ptocing a + for increase or for decrease In the Statement of Cash Flows column, indicate whether the item is an operating activity (OAA), investing activity (IA) or financing activity (FA). Columns for events that have no effect on any of the elements should be left blank. Fhe first event is recorded as an example Note: Not oll cells will require on input