Exercise 11-6A Determine proper classification (LO11-1) Analyze each of the four transactions Ernie's Electronics had with Bert's Bargain House from the perspective of Bert's Bargain House. Required: Select the section of the statement of cash flows in which each of these items would be reported for Bert's Bargain House: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. 1. Transactions Erie sold Bert land, originally purchased for $180,000, at a sales price of $195,000, resulting in a gain on sale of land of $15,000. Activities Investing activities, Operating activities 2. Emie borrowed $100,000 from Bert, signing a three-year note payable. Financing activities 3. 4. Emie purchased $1 million in common stock in Bert's Bargain House through a private placement. Investing activities Emie received a dividend of $40,000 from the common stock investment in Bert's Bargain House. Operating activities