Indicate the impact of the following corporate actions on cash, using the letter I for an increase, D for a decrease, or N when no change occurs.

(a) A dividend is paid with funds received from a sale of debt.

(b) Property is purchased and paid for with short-term debt.

(c) Inventory is bought on credit.

(d) A short-term bank loan is repaid.

(e) Next year’s taxes are prepaid.

(f) Preference shares are redeemed.

(g) Sales are made on credit.

(h) Interest on long-term debt is paid.

(i) Payments for previous sales are collected.

(j) The trade payables balance is reduced.

(k) A dividend is paid.

(l) Production supplies are purchased and paid with a short-term note.

(m) Utility bills are paid.

(n) Cash is paid for raw materials purchased for inventory.
(o) Marketable securities are sold.