The following transactions occurred during the year. Assuming that the company uses the indirect method of reporting cash provided by operating activities, indicate the proper accounting treatment for each transaction listed below by placing an X in the appropriatecolumn.

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Note Describing Non-Cash Investing Not Reported on Statement or in Footnote Statement of Cash Flows Operating Investing Financing and Financing Activitles Activities Activities Activitles a. Land was purchased by issuing common shares... b. Recorded depreciation expense.. c. Income tax payable increased by 15% from prior year. d. Declared and paid a cash dividend e. Paid cash to purchase merchandise inventory. f. Sold equipment at a loss.. g. Accounts receivable decreased during the year.