1. 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