Selected transactions of Ehrlich Company are listed below. 1. Accounts payable are paid in cash. 2. Land is sold for cash at book value 3. Interest receivable on a short-term note receivable is collected. 4. Bonds payable are issued for cash at a discount 5. Inventory is purchased for cash 6. Equipment is purchased by signing a 3-year, 10% note payable. 7. Cash dividends on common stock are declared and paid. 8. 100 shares of XYZ common stock are purchased for cash. 9. Merchandise is sold to customers for cash. .. Common stock is sold for cash above par value Instructions Classify each transaction as either (a) an operating activity, (b) an investing ac (c) a financing activity, or (d) a noncash investing and financing activity