(TCO F) Drexon Corp.,which follows U.S. GAAP, uses the direct method to report its cash flows. TheCFO is assessing the impact on cash flows of 12 events during the fiscal year.Specify which category each event falls under (under the direct method) and notewhether it increases cash, decreases cash, or has no impact on cash: # Event 1Accrued liabilities increase from $245,000 to $250,000. 2Accounts payable decreases from $400,000 to $385,000. 3Dividends of $6,500 are received from a stock classified as available for sale. 440,000 new shares of stock are issued near the close of the fiscal year. 5Accounts receivable decreases from $620,000 to $610,000. 6 Again of $8,200 is booked on the sale of an asset. 7 Aninterest payment of $85,000 is made on a new debt issuance. 8Drexon purchases a trading security which it classifies as noncurrent. 9Dividends of $12,000 are paid on Drexon company stock. 10 Depreciation andamortization expense totaling $50,000 is booked. 11 Drexon purchases60% of a subsidiary company. 12 Capitalexpenditures of $35,000 are made for equipment used in day to day operations