Three categories of activities $($operating$,$ investing, and financing$)$ generate or use the cash flow in a company. In the following table, identify which type of activity is described by each statement.

Operating Activity

Investing Activity

Financing Activity

A pharmaceutical company buys marketing rights to sell a drug exclusively in East Asian markets.

A company records a loss of $$70,000$ on the sale of its outdated inventory.

Fitzi Chemical Co$.$ earns revenue from its cash receipts from royalties.

The Yum chain of restaurants conducts an initial public offering to raise funds for expansion.