correct EXERCISE 1-1 Classifying Transactions L014-1 Below are certain events that took place at Hazzard, Inc., last year: Collected cash from customers. b Paid cash to repurchase its own stock. Borrowed money from a creditor. d. Paid suppliers for inventory purchases. e Repaid the principal amount of a debt. f. Paid interest lenders g. Paid a cash dividend to stockholders. h. Sold common stock. i Loaned money to another entity. j. Paid taxes to the government. k Paid wages and salaries to employees. 1. Purchased equipment with cash. m. Paid bills to insurers and utility providers. Required: Prepare an answer sheet with the following headings: Activity Transaction Operating Investing Financing a. b. Etc. would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Fines Enter the cash inflows and outflows above on your answer sheet and indicate how each of them ing column as appropriate. EXERCISE 10