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.

operating activityinvesting activityfinancing activitiesnon-cash investing & financingpaid 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