Stelling Corporation had the following transactions during 2020. Identify whether each transaction should be considered a cash flow from operating, investing, or financing activities, or whether the transaction is a significant non-cash activity.

1.

Issued $120,000 worth of preferred shares in exchange for land

2.

Exchanged a vehicle worth $30,000 for computer system worth $30,000

3.

Received a cash dividend of $40,000. - if ASPE Received a cash dividend of $40,000. - if IFRS

4.

Paid $12,000 due to suppliers for goods and services

5.

Purchased shares in another company as a long-term investment for $50,000 cash

6.

Paid $135,000 in salaries and wages

7.

Collected $30,000 from customers that had purchased on account

8.

Issued preferred shares for $75,000 cash

9.

Sold a long-term investment with a cost of $80,000 for $80,000 cash

10.

Collected $90,000 cash from customers for goods sold