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.

_OA_ 1. Cash from customers from the sale of goods or services.

_____ 2. Purchase of merchandise inventory for resale.

_____ 3. Cash received from owners when shares are sold to them.

_IA__ 4. Purchase of equipment used in the business.

_FA__ 5. Cash paid to owners as dividends on common stock.

__NC 6. Acquisition of land by issuing a long-term note payable to the seller.

_____ 7. Sale of investment securities.

__NC 8. Exchange of a patent for a building.

_FA__ 9. Payoff of bonds payable at maturity.

_FA__ 10. Cash interest and dividends from investments.