Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO C1 Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). (More than one column may be used.) a. Purchased treasury stock with cash c. Issued bonds in return for cash b. Income taxes payable increased in the year Sold merchandise to customer for cash d. e. Received a cash dividend from investment f. Purchased equipment by issuing a note 9. Recorded depreciation expense h. Purchased a trademark with cash L Prepaid expenses increased in the year j. Accounts receivable decreased in the year Statement of Cash Flows Noncash Investing & Financing Not Reported on Statement Operating Activities Investing Activities Financing Activities or in Notes Activities