(Classification of cash flows, LO 1) During 2014, Argentia Ltd. entered into the following cash transactions and indicate whether it's a cash inflow or outflow. Classify each transaction as operating, financing, or investing cash flows. Explain your think- ing in each case.

a. Inventory is purchased for $100,000.

b. Dividends of $75,000 are paid to shareholders.

c. $500,000 is borrowed from the bank.

d. Office furniture is purchased for $20,000 to furnish the president's office.

e. Four delivery trucks are sold for $22,500.

f. Common shares are sold to investors for $500,000. g. Payments of $30,000 are collected from clients. h. Insurance for the next two years costing $8,000 is purchased.