Eng Corporation, a private corporation reporting under ASPE, had the following transactions:

Instructions
Complete the above table for each of the following requirements. The first one has been done for you as an example.
(a) Classify each transaction as an operating activity (O), investing activity (I), financing activity (F), or noncash transaction (NC).
(b) Specify whether the transaction represents a cash inflow (+), cash outflow (-), or has no effect (NE) on cash, and in what amount.

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Transaction ClassificationCash Inflow or Outflow Sold inventory for $1,000 cash. Purchased a machine for $30,000. Made a $5,000 down payment and issued a long-term note for the remainder. +$1,000 1. 2. 3. Issued common shares for $50,000. 4. Collected $16,000 of accounts receivable. 5. Paid a $25,000 cash dividend. 6. Sold a long-term equity investment with a carrying value of $15,000 for $10,000. Redeemed bonds having an amortized cost of $200,000 for $175,000. Paid $18,000 on accounts payable. Purchased inventory for $28,000 on account. Purchased a long-term investment in bonds for $100,000. Sold equipment with a carrying amount of $16,000 for $13,000. Paid $12,000 interest expense on long-term notes payable. 7. 8. 9. 10. 11. 12.