The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activityadd to net income. 2. Operating activitydeduct from net income. 3. Investing activity. 4. Financing activity. 5. Not reported as a cash flow. Classify the following: a. Exchange of furniture for office equipment- b. Redemption of bonds