Serius Corporation is preparing its 2017 statement of cash flows, using the direct method. Presented below is a list of items that may affect the statement. Indicate how each item will affect Serius' 2017 statement of cash flows. Items Effect (a) Purchase of land and building, Customers' payments on account. (b) (c) Issuance of preferred stock. (d) Depreciation expense. Cash Payment in Investing Section Cash Receipt in Operating Section Cash Receipt in Financing Section Cash Receipt in Operating Section Cash Receipt in Investing Section Cash Receipt in Investing Section Cash Payment in Financing Section (e) Sale of land at book value. Sale of land at a loss. (1) (8) Payment of dividends. (h) Cash sales. (0) Cash Payment in Investing Section 00) (k) Purchase of available-for-sale investment Pay weekly salaries. Pay outstanding accounts payable. Loan from bank by signing note. Purchase of equipment using a note. Purchaseof inventory on account. (1) (m) (n) > (o) Issuance of bonds payable. (p) Redemption of bonds payable. (9) Sale of equipment at a gain. (r) Purchase of treasury stock