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 activity-add to net income.
2.	Operating activity-deduct from net income.
3.	Investing activity.
4.	Financing activity.
5.	Reported as significant noncash activity

The transactions are as follows.

Transactions	Classifications of Activities
(a)	Issuance of common stock.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(b)	Purchase of land and building.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(c)	Redemption of bonds	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(d)	Sale of equipment.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(e)	Depreciation of machinery.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(f)	Amortization of patent.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(g)	Issuance of bonds for plant assets.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(h)	Payment of cash dividends.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(i)	Exchange of furniture for officeequipment.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(j)	Purchase of treasury stock.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(k)	Loss on sale of equipment.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(l)	Increase in accounts receivable during the year.	Financing ActivityInvesting ActivityOperating Activity-Add to Net IncomeOperating Activity-Deduct from Net IncomeReported as Significant Noncash Activity
(m)	Decrease in accounts payable during the year