Sheridan Corporation had the following transactions: if the transaction hos no effect on cash, leave the Cash Effect and Classification fields hank) (a) In the below table, indicate by how much each transaction increasesfor decreases cash. If the transaction has no effect on cash, say so. (b) Identify whether the transaction should be classified as an operating activity, imvesting activity, financing activity, noncash investing and financing sctivity, or leave blank. Transactions 1. Issued common shares for $53,000. 2. Purchased a machine for $38,000. Madea $5,500 down payment and issued a long-term note payable for the remainder. 3. Collected $15,000 of accounts receivable. 4. Paid a $28,000 cash dividend. 5. Sold a long-term investment with a carrying amount of $15,000 for $18.299. 6. Sold inventory for $1,700. 8. Purchaseda trading investment (equity securities) for $100,000. 5 9. Purchased inventory for $33,000 on account. s 10. Collected $1,800 in advance from customers: 5 11. Paid $32.500 to repurchase and retire common shares