Exercise 16-17B (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. Statement of Cash Flows Operating Activities Investing Activities Financing Activities Noncash Investing and Financing Activities Not Reported on Statement or in Notes a. Purchased land by issuing a note b. Collected cash from sales c. Paid cash toward wages owed d. Paid cash toward taxes owed e. Retired long-term notes payable by issuing common stock f. Recorded depreciation expense g. Paid cash toward accounts payable h. Paid cash for interest owed i. Borrowed cash from bank by signing a nine-year note payable j. Sold a building for cash