Swingline Corp. prepares its statement of cash flows using the INDIRECT METHOD. Indicate where the cash flow effect for each transaction or event would be classified on the company's statement of cash flows using the following answer choices:

A. Operating activities--ADD to net income

B. Operating activities--DEDUCT from net income

C. Investing activities

D. Financing activities

Transactions/Events:

_____ Depreciation expense was recorded.

_____ Land was purchased for cash.

_____ Bonds were issued for cash.

_____ Accounts receivable increased during the year.

_____ Common stock was reacquired as treasury stock.

_____ Accounts payable increased during the year.

_____ A building was sold for cash.

_____ Investments were sold for cash, including a gain (see the next item for the gain).

_____ A gain on the sale of investments (see previous item) was recorded and included in net income.

_____ A cash dividend was paid.