The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report cash provided by operating activities, indicate where each item would appear on its statement of cash flows by placing an x in the appropriate column. Statement of Cash Flows (Indirect Method) Noncash Operating Investing Financing Investing & Activities Activities Activities Financing Paid cash for operating expenses Issued common stock for cash Accounts receivable increased in the year Recorded depreciation expense Income taxes payable decreased during the year Sold equipment for cash, yielding a loss Paid cash for interest expense Purchased land by issuing common stock Purchased long-term investment in bonds Paid cash for retirement of note payable