The following selected transactions occur during the first year of operations. Determine how each should be reported in the statement of cash flows. State whether it is a cash inflow or a cash outflow and whether it is an operating, investing, or financing activity. Cash Inflow or Outflow Type of Activity 1. 2. ol 3. Issued 1 million shares of common stock at $20 per share. Purchased land and a building for $3 million. Received $200,000 from a cash sale of merchandise to customers. Paid a dividend of $1 per share to common stockholders. Loaned $50,000 to an employee and accepted a note receivable. 4. 5