Exercise 12-17B (Algo) Direct: Classifying cash flows LO C1, P5 Indicate where each item would appear on a statement of cash flows using the direct method by selecting an x in the appropriate column. a. Retired long-term notes payable by issuing common stock b. Paid cash toward accounts payable c. Sold inventory for cash d. Paid cash for interest owed e. Accepted note receivable in exchange for plant assets f. Recorded depreciation expense g. Collected cash from sales h. Paid cash toward wages owed i. Paid cash dividends j. Sold a building for cash + x Statement of Cash Flows Operating Investing Activities Activities Financing Activities Noncash Investing and Financing Activities Not Reported on Statement or in Notes