Wi-Fi, Inc., has the following selected transactions during the year.
1. Exchanges land for equipment. Both are valued at $120,000.
2. Declares and pays a cash dividend of $50,000.
3. Borrows $60,000 from the bank.
4. Pays a $15,000 account payable.
5. Collects a $30,000 account receivable.
6. Pays $20,000 to suppliers for inventory.
7. Sells equipment for $25,000.
8. Purchases a patent for $40,000.

Required:
Indicate in which section of the statement of cash flows each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or noncash activities footnote.