B) Statement of Cash Flows (10 points) Indicate by code how each of the following items should be classified on the statement of cash flows. Statement of Cash Flows Table Code Activity. CIO Cash inflow from operating activities COO CHI COI Cash outflow from investing activities Cash outflow from operating activities Cash inflow from investing activities CIF Cash inflow from financing activities COF Cash outflow from financing activities NC S Non cash item Reported in a schedule at the bottom of the statement of cash flows. 1. Common stock is sold for cash above par value. 2. Bonds payable are issued for cash at a discount. 3. Interest receivable on a short-term note receivable is collected. 4. Land is sold for cash at book value. 5. Accounts payable are paid in cash. 6. Equipment is purchased by signing a 3-year, 10% note payable. 7. Cash dividends on common stock are declared and paid. B. 100 shares of XYZ common stock are purchased for cash. Merchandise is sold to customers for cash. Bonds payable are converted into common stock.