Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. Purchased inventory for $5,000 Collected $20,000 from sale of goods Purchased land for $2,000,000 operating activity A. investing activity -Sold a long-term investment with a cost of $15,000 for $15,000 cash Declared and paid a cash dividend of $3,000 Issued $150,000 par value common stock upon conversion of bonds having a face value of $150,000 Payment of interest on notes payable Recorded Depreciation Issuance of preferred stock for $5 per share Recorded a loss on disposal of plant assets financing C. noncash investing D.and/or financing activity