Question 21 of 30 -75 Current Attempt in Progress Bobby Baretta Industries Ltd., a private company reporting under ASPE, had the following selected transactions during its first year of operations In the first column, classify each of the transactions listed below as an operating, investing, financing, significant noncash Investing and financing activity or not applicable to the cash flow statement In the second column, indicate whether each of the transactions listed below would increase, decrease or have no effect on Baretta's cash flow. [b] Effect on Cash Flow Classification 1. Issued common shares. Operating 2 Operating Purchased factory equipment with some of the proceeds from the shares. Issued preferred shares in exchange for land and a factory building 3 4 Pald salaries to administrative staff. 5 Purchased materials inventory. All inventory goes through accounts payable. Question 21 of 30 -15 E 4 5 6. > 7. 8. Paid salaries to administrative staff. Purchased materials inventory. All inventory goes through accounts payable. Collected 95% of accounts receivable. Purchased a short-term investment in bonds. Received interest on long-term investment in bonds. Made a principal payment on a mortgage. Purchased a trading investment Reacquired some common shares. Recorded depreciation expense.