This que3 point poo This questions 1 points Classify each of the following transactions as an operating. Investing, or financing activity, or a noncash investing and financing activity 1. Type of Activity Operating Investing Financing Financing Transaction Payment of salaries 2 Purchase of land with cash 3. Issuance of stock Repayment of long-term notes 5. Payment of rent 6 Collection of sales revenue 7 Conversions of bonds payable to common stock 8. Loss on the sale of equipment Purchase of another company's stock (to be held for more than one 9. year) 10. Purchase of merchandise inventory 11. Proceeds from the sale of a building 12. Payment of dividende 13. Collection of interest income 14. Purchase of treasury stock (company buys back its own stock) 15. Payment of interest on long-term debt Investing Noncash Financing and Investing Noncash Operating and Financing Noncash Operating and Investing Operating