The following items are commonly reported in a statement of cash flows $($indirect method presentation$).$ For each item $1$ through $20,$ determine $($a$)$ in which section the item is presented $($operating$,$ investing, or financing$)$ and $($b$)$ whether the associated amount is added or subtracted in the statement.

$($a$)($b$)$

$1.$ Payments of short$-$term debt. Answer $1$

Answer $2$

$2.$ Repurchases of common stock. Answer $3$

Answer $4$

$3.$ Purchases of property and equipment. Answer $5$

Answer $6$

$4.$ Sale of investments classified as long$-$term. Answer $7$

Answer $8$

$5.$ Proceeds from the issuance of common stock. Answer $9$

Answer $10$

$6.$ Increase in prepaid expenses and other current assets. Answer $11$

Answer $12$

$7.$ Acquisition for cash of a competitor. Answer $13$

Answer $14$

$8.$ Increase in current income tax payable. Answer $15$

Answer $16$

$9.$ Decrease in accounts payable. Answer $17$

Answer $18$

$10.$ Dividends paid to stockholders. Answer $19$

Answer $20$

$11.$ Depreciation and amortization. Answer $21$

Answer $22$

$12.$ Payment of current maturities of long$-$term debt. Answer $23$

Answer $24$

$13.$ Increase in income tax receivable. Answer $25$

Answer $26$

$14.$ Decrease in inventories. Answer $27$

Answer $28$

$15.$ Decrease in accounts receivable. Answer $29$

Answer $30$

$16.$ Decrease in deferred revenue. Answer $31$

Answer $32$

$17.$ Loss on disposal of fixed assets. Answer $33$

Answer $34$

$18.$ Increase in accrued salaries and payroll taxes. Answer $35$

Answer $36$

$19.$ Loss on impairment of assets. Answer $37$

Answer $38$

$20.$ Acquisition of intangibles assets.