Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.

a$.$ Purchase of equipment.

b$.$ Proceeds from sale of building.

c$.$ Redemption of bonds payable.

d$.$ Cash received from sale of goods.

e$.$ Payment of dividends.

f$.$ Issuance of common stock.

Question

After groups lobbying for environmental protection publish an article about the benefits of gasoline powered cars, the

government places a price ceiling on gasoline powered cars to encourage consumers to buy them. Calculate the shortage

caused by the price ceiling.

The current sections of Crane Inc.$\text{'}$s balance sheets at December $31,2021$ and $2022,$ are presented here. Crane's net income for $2022$

was $$204,580.$ The income statement included depreciation expense, $$26,500,$ amortization expense, $$10,600,$ and a gain on disposal

of equipment, $$7,420.$ The equipment was sold for $$49,820.$ Crane also issued bonds for $$63,600.$

Current liabilities