Exercise 11-4 Determine proper classification (LO11-1) Wi-Fi, Inc has the following selected transactions during the year Required: section of the statement of cash flows in which each of these items would be reported: operating activities (indirect method), investing activities, tinancing activities, or a separate noncash activities note Transactions Activities 1. Issues $20 million in bonds equipment for $80,000 payable. Purchases 3. Pays a $20,000 account 4 Collects a $15,000 account receivable valued at $300,000 Exchanges land for a new patent. Both are Declares and pays a cash dividend of $100,000. $50,000 to a customer, accepting a note 6 receivable. 7 Loans 8 Pays $75,000 to suppliers for inventory