For each of the following situations, identify whether the activity is an operating, invest-ing, or financing activity
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Operating (O) Investing () Amount of Increse (+) Financing (F) Cash Flow Decrease () Activity a. A building with a cost of $182,000 and accumulated depreciation of $45,000 was sold for a $25,000 gain b. Net income for last year was $112,000. The accumulated depreciation balance increased by $28,000. There were no changes in noncash current assets or liabilities. There were also no sales of plant assets. c. Net income was $26,000 for the year. Accounts receivable increased by $3,000 and accounts payable increased by $6,000. There were no other changes in the noncash current assets and current liabilities. There was no depreciation for the year d. Bonds payable with a face value of $50,000 were retired with a cash payment for their face value. New bonds were issued later in the year for $37,000 e. Bonds payable were retired for their face value of $60,000 (cash paid). Cash dividends of $17,000 were also paid. A new note payable was signed for cash proceeds of $23,000 f. A plant asset with a cost of $61,000 and accumulated depreciation of $12,000 was sold for a $15,000 loss. g. Current assets (not including cash) increased by $2,000 and current liabilities decreased by $12,000. There was no depreciation. Net income was $52,000 for the year h. Common stock was issued for $210,000 cash. Dividends of $25,000 were paid in cash i. Noncash current assets decreased by $6,000 and current liabilities decreased by $17,000. Depreciation was $15,000 for the year, while net income was $57.000
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