Brief Exercise 14-17 Activity Classification Objective 1 . Example 14.1 During the last 2 years of operations, Haws Company had the following transactions: a. Reported a loss for the year ($800,000). b. Reported profits of $6,000,000 for the most recent year. c. Issued bonds with a 6-year maturity date for $2,000,000. d. Retired a mortgage bond. e. Sold a 20% interest in a company. f. Paid cash dividends of $2,000,000. g. Sold equipment for $500,000. h. Purchased a new manufacturing system for $6,000,000. i. Issued preferred stock for $2,000,000. Required: Classify each of these transactions as an operating activity, an investing activity, or a financing activity and indicate whether the activity is a source of cash or a use of cash