Impact of Transactions Involving Operating Assets on Statement of Cash Flows From the following list, identify each item as operating (O), investing (I), financing (F), or not separately reported on the statement of cash flows (N).
_______ Purchase of land
_______ Proceeds from sale of land
_______ Gain on sale of land
_______ Purchase of equipment
_______ Depreciation expense
_______ Proceeds from sale of equipment
_______ Loss on sale of equipment