E12-2 Analyze the transactions and indicate whether each transaction is an operating, investing, financing, or non-cash activity. Indicate whether it the item would be added or subtracted in the respective section in the statement of cash flows.

Activity Description: Classify Activity as Operating, Investing, Is the activity Added (inflow), subtracted (outflow),

Financing, or Non-Cash or non-cash?

(a) Payment of interest on notes payable.

(b) Exchange of land for patent.

(c) Sale of building at book value.

(d) Payment of dividends.

(e) Depreciation.

(f) Conversion of bonds into common stock.

(g) Receipt of interest on notes receivable.

(h) Issuance of capital stock.

(i) Amortization of patent.

(j) Issuance of bonds for land.

(k) Purchase of land.

(l) Receipt of dividends on investment in stock.

(m) Loss on disposal of plant assets.

(n) Retirement of bonds.