The statement of cash flows categorizes like transactions for optimal reporting. Identify each item as a(n): Operating activity-addition to net income (0+) or subtraction from net income (0-) Investing activity-cash inflow (I+) or cash outflow (I-) Financing activity-cash inflow (F+) or cash outflow (F-) Non-cash investing and financing activity (NIF) Activity that is not used to prepare the indirect statement of cash flows (N) The indirect method is used to report cash flows from operating activities. a. Loss on sale of land