Braxton Corp. was organized on January 1 to operate a limousine service to and from the airport. For each of the following business activities, indicate whether it is a financing (F), investing (I), or operating (O) activity.

_______ 1. Issued shares of stock to each of the four owners.
_______ 2. Purchased two limousines.
_______ 3. Paid first month’s rent for use of garage.
_______ 4. Obtained loan from local bank.
_______ 5. Received cash from customer for trip to the airport.
_______ 6. Paid driver first week’s wages.
_______ 7. Purchased 500-gallon fuel tank.