Question 4: 10 points Instructions For each transaction listed below, list the letter or letters from above that describe(s) the effect of the transaction on a statement of cash flows. (Ignore any income tax effects.). There are only 7 options so you can use a letter more than once as an answer. Cash flows from operating activities a. Net income will be increased or adjusted upward. b. Net income will be decreased or adjusted downward. Cash flows from investing activities C. Increase as a result of cash inflows. d. Decrease as a result of cash outflows. Cash flows from financing activities e. Increase as a result of cash inflows. f. Decrease as a result of cash outflows. Noncash Investing and Financing Activity g. Noncash investing and financing activity 1. Refinance of Note with New Note 2. Purchase of Bulldozer 3. Payment of Dividends to Common Stockholders 4. Purchase of Equipment using a note 5. Depreciation Expense 6. Increase to Inventory 7. Sale of Land at Book Value 8. Increase to Accounts Payable 9. Loan from Bank by signing a note 10. Annual Bond Payment