Brief Exercise 14-25 Activity Classification Objective 1 . Example 14.1 During the last 2 years of operations, Lelkes Company had the following transactions: a. Purchased land for $1,000,000. b. Issued bonds with a 5-year maturity date for $3,000,000. c. Reported a loss of $2,000,000 for the most recent year. d. Bought equipment for $500,000. e. Issued common stock for $2,000,000. f. Bought a 30% interest in a company. g. Retired a long-term note payable. h. Reported a profit for the year ($500,000). i. Paid dividends of $1,000,000. 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