Question: 2. Indicate whether the transaction is a financing, investing, or operating activity a. Compton purchased a tract of land from Jacobsen Real Estate for $1,001,000

 2. Indicate whether the transaction is a financing, investing, or operating

2. Indicate whether the transaction is a financing, investing, or operating activity a. Compton purchased a tract of land from Jacobsen Real Estate for $1,001,000 cash. b. Compton issued 2,000 shares of its common stock to George Micros in exchange for $110,000 cash. C. Compton purchased a John Deere tractor for $56,000 on credit d. Michael Rotunno paid Compton $9,200 cash for services performed. The services had been performed by Compton several months ago for a total price of $11,700 of which Rotunno had previously paid $2,500 e. Compton paid its monthly payroll by issuing checks totaling $41,450 f. Compton declared and paid its annual dividend of $15,000 cash

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