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.) Statement of Cash Flows Activities Operating Investing Financing Activities Noncash Investing & Financing Not Reported on Statement or in Notes Activities Activities a. Paid cash to settle long-term notes payable b. Prepaid expenses increased in the year a. Issued common stock for cash d. Accounts receivable decreased in the year e. Inventory increased in the year f. Purchased equipment by issuing a note g. Accounts payable decreased in the year h. Purchased a trademark with cash Income taxes payable increased in the year Sold merchandise to customer for cash 13