Problem 3 (10 Points) The major classifications of activities reported in the statement of cash flows are operating, investing and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. 3. Investing activity. 4. Financing activity 5. Significant non cash flow activity. The transactions are as follows. (a) Depreciation of machinery (g) Sale of equipment. (b) Payment of cash dividends. (h) Purchase of land and building. (c) Purchase of treasury stock. i) Amortization of patent. (d) Redemption of bonds. (i) Redemption of bonds. (e) Issuance of bonds for plant assets. G) Issuance of capital stock. (f) Gain on sale of equipment. (k) Exchange of Common Stock for office equipment