You are provided with the following transactions that took place during a recent fiscal year.

InstructionsComplete the table, indicating whether each item (1) should be reported as an operating (O) activity, investing (I) activity, financing (F) activity, or as a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach.

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Cash Inflow, Outflow, or No Effect? Where Reported on Statement Transaction (a) Recorded depreciation expense on the plant assets. (b) Recorded and paid interest expense. (c) Recorded cash proceeds from a sale of plant assets. (d) Acquired land by issuing common stock. (e) Paid a cash dividend to preferred stockholders. (f) Distributed a stock dividend to common stockholders. (g) Recorded cash sales. (h) Recorded sales on account. (i) Purchased inventory for cash. (j) Purchased inventory on account.