Item 1: For Entity A, classify each transaction as either an operating activity OA, an investing activity IA, or a financing activity FA, or a noncash investing and financing activity NC.

Selected transactions for the Entity A are listed below.

_____ 1. Cash received from issuing Entity A common stock to investors.

_____ 2. Cash paid for merchandise inventory for resale.

_____ 3. Cash collections from customers.

_____ 4. Cash paid for land to construct a warehouse used in the business.

_____ 5. Cash paid to stockholders as dividends on common stock.

_____ 6. Acquisition of equipment by issuing a long-term note payable to the seller.

_____ 7. Interest paid on a long-term note payable.

_____ 8. Exchange of a patent for a building.

_____ 9. Payoff of bonds payable at maturity.

_____ 10. Sale of Ford common stock held as a long-term investment.