cise 11-4 (Static) Determine proper classification (LO11-1) Analyze each of the four transactions Ernie's Electronics had with Bert's Bargain House from the perspective of Ernie's Electronics. Required: Select the section of the statement of cash flows in which each of these items would be reported for Ernie's Electronics: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. Transactions 1. Emie sold Bert land for $195,000. Emie originally purchased the land for $180,000, resulting in a $15,000 gain being recorded by Ernie at the time of the sale. 2. Ernie borrowed $100,000 from Bert, signing a three-year note payable. 3. Emnie purchased $1 million in common stock in Bert's Bargain House through a private placement 4. Emie received a dividend of $40,000 from the common stock investment in Bert's Bargain House. Activities