Li Eng Corporation had the following transactions during 1996:

1. Purchased a machine for \(\$ 30,000\), giving a long-term note in exchange.

2. Issued \(\$ 50,000\) par value common stock for cash.

3. Collected \(\$ 16,000\) of accounts receivable.

4. Declared and paid a cash dividend of \(\$ 25,000\).

5. Sold a long-term investment with a cost of \(\$ 15,000\) for \(\$ 15,000\) cash.

6. Issued \(\$ 200,000\) par value common stock upon conversion of bonds having a face value of \(\$ 200,000\).

7. Paid \(\$ 18,000\) on accounts payable.

\section*{Instructions}

Analyze the transactions above and indicate whether each transaction resulted in a cash flow from

(a) operating activities,

(b) investing activities,

(c) financing activities, or

(d) noncash investing and financing activities.