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)

	Operating Activities	Investing Activities	Financing Activities	Noncash Investing & Financing
Paid cash for operating expenses
Issued common stock for land
Accounts receivable decreased in the year
Recorded depreciation expense
Income taxes payable increased during the year
Sold equipment for cash, yielding a gain
Paid cash for interest expense
Purchased land by for cash
Purchased long-term investment in bonds
Paid cash for retirement of note payable