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please complete chart below Optimum Investments Inc. had the following transactions listed in the transaction column below. Instructions: Complete the chart indicating: (a) Whether each

please complete chart below

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Optimum Investments Inc. had the following transactions listed in the "transaction" column below. Instructions: Complete the chart indicating: (a) Whether each transaction should be classified as an Operating (0), Investing (1) or Financing (F) activity, or No effect (NE) (6 marks) (b) The amount of cash inflow (+), outflow (-) or if it has no effect on cash (NE) and the amount. (6 marks) Transaction Classification Cash Inflow or Outflow Example: Paid accounts payable $25,000 O -$25,000 Sold equipment for $1,500. Paid insurance for one year $3,600. Received a dividend on investment in stock of another company for $18,000 Collected accounts receivable $8,700. Purchased equipment and paid by signing a 2-year promissory note with a value $90,000 Purchased inventory on account, $16,000 Paid dividends to preferred shareholders of $26,000 Paid creditors interest of $15,000 Sold an investment for $15,000 3 |PageProvided services for cash of $75,500. Received interest income on bank account amount $2,000 Purchased land in exchange for common shares for $800,000

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