23. Below are typical transactions for a company. Indicate whether each transaction is classified as an operating, investing or financing activity. a. Sell common stock to investors b. Receive cash from customers. c. Sell services to customers. d. Pay for cost of advertising e. Purchase factory equipment for operations f. Pay dividends in cash to stockholders 24. Perform a vertical analysis on the Income statements of Sports Emporium and All Sports. Sports Emp 3,200,000 2,050,000 1,150,000 760,000 390,000 8,000 398,000 95,000 303,000 All Sports Sales COGS Gross profit Operating expenses Operating Income Other income (expense) Income before tax Income tax expense Net income 2,420,000 1,330,000 1,090,000 590,000 500,000 5,000 505,000 130,000 375,000