The statement of cash flows reports a companys cash inflows and outflows for a given accounting period by categorizing the companys sources (inflows) and uses (outflows) of cash as either operating, investing, or financing activities.

Determine whether the activities described in the following table should be categorized as operating, investing, or financing activities in the statement of cash flows.

Activity	Operating Activity	Investing Activity	Financing Activity
D & W Company sells its last seasons inventory to a discount store.
DigiInk Printing Co. buys new machinery to ramp up its production capacity.
HappySnacks Inc. uses cash to repurchase 10% of its common shares.
A company records a loss of $70,000 on the sale of its outdated inventory.