Exercise 16-2B Direct: Cash flow classification C1, P5 The following transactions and events occurred during the year. Assuming that this company uses the direct method to report cash provided by operating activities, indicate where each item would appear on the statement of cash flows by placing 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 dividend that was declared in a prior period e. Accepted six-month note receivable in exchange for plant assets f. Recorded depreciation expense g. Paid cash to acquire treasury stock h. Collected cash from sales i. Borrowed cash from bank by signing a nine-month note payable j. Paid cash to purchase a patent