Carter-Pierce Investments specializes in low-risk government bonds. Identify each of Carter-Pierce€™s transactions as operating (O), investing (I), financing (F), non-cash investing and financing (NIF), or a transaction that is not reported on the statement of cash flows (N). Indicate whether each item increases (+) or decreases (€“) cash. The indirect method is used for operatingactivities.

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a. Acquisition of building by cash payment b. Decrease in merchandise inventory c. Depreciation of equipment d. Decrease in accrued liabilities e. Payment of cash dividend f. Purchase of long-term investment g. Issuance of long-term note payable to borrow cash h. Increase in prepaid expenses i. Accrual of salary expense j. Acquisition of equipment by issuance of note payable k. Sale of long-term investment l. Issuance of common stock for cash m. Increase in accounts payable n. Amortization of intangible assets o. Loss on sale of equipment p. Payment of long-term debt q. Cash sale of land r. Purchase of treasury s s. Net income