Indicate the section (O, I, or F) where each of the following transactions 1 through 8 would appear on the statement of cash flows.
O. Cash flows from operating activity
I. Cash flows from investing activity
F. Cash flows from financing activity
___________ 1. Cash purchase of equipment
___________ 2. Cash withdrawal by owner
___________ 3. Cash paid for advertising
___________ 4. Cash paid for wages
___________ 5. Cash paid on account payable to supplier
___________ 6. Cash received from clients
___________ 7. Cash investment by owner
___________ 8. Cash paid for rent