Question 7 (6 Marks) Place an "X' in the appropriate columns for each of the following situations to indicate how amounts are classified and how or whether cash is affected: Situation Operating Investing Financing Activity Activity Activity Effect on Cash Inflow Outflow (+) No Effect a. Paying off accounts payable with cash. b. Retirement of common stock with cash. c. Issuance of bonds for cash. d. Acquired land by issuing common stock. e. Paid cash for inventory. f. Collection of accounts receivable with customer cash