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Selected transactions for the ELMO Company are listed below. Classify each transaction as either $($a$)$ an operating activity, $($b$)$ an investing activity, $($c$)$ a financing activity, or $($d$)$ a noncash investing and financing activity.

Sales of land for cash.

increase in salaries payable.

Issued ordinary shares for equipment

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Change in accounts receivable.

Declared and paid dividends on ordinary

shares.

Depreciation Expense.