Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: Note: There were no stock retirements during the year. There were no sales of treasury stock during the year. Which of the following statements would be TRUE? Supporting Materials There was zero net cash flow from transactions involving treasury stock. There was $3,000 of positive cash flow from transactions involving treasury stock. There was $3,000 negative cash flow from transactions involving treasury stock. There was $8,000 negative cash flow from transactions involving treasury stock. Which of the following would be considered an operating activity on the statement of cash flows? Dividends paid to stockholders The sale of inventory Payment to purchase equipment The receipt of cash from sale of equipment