Eng Corporation had the following transactions:

Instructions
(a) In the above table, indicate by how much each transaction increases (+) or decreases (-) cash. If the transaction has no effect (NE) on cash, say so.
(b) Identify whether the transaction should be classified as an operating activity (O), investing activity (I), financing activity (F) or non cash investing and financing activity (NC)?

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Cash Effect Classification 1. Issued common shares for $50,000. 2. Purchased a machine for $30,000. Made a $5,000 down payment and issued a long-term note payable for the remainder. 3. Collected $16,000 of accounts receivable. 4. Paid a $25,000 cash dividend. 5. Sold a long-term investment with a carrying amount of $15,000 for $18,000. 6. Sold merchandise inventory for $1,000. 7. Paid $18,000 on accounts payable. 8. Purchased a trading investment (equity securities) for $100,000. 9. Purchased merchandise inventory for $28,000 on account 10. Collected $1,000 in advance from customers