Listed below are eight transactions. In each case, identify whether the transaction is an example of financing, investing, or operating activities and which of the financial statements it would affect.

( Identify the following for each transactions.

- Operating, investing or Financing

- Balance sheet: yes, no or cannot tell

- Income statement: yes, no or cannot tell

- Statement of cash flow: yes, no, or cannot tell

- Statement of shareholders equity: yes, no, cannot tell)

a) Company borrows $53,100 in cash, signing a ten-year note payable.

b) Twenty units of inventory are purchased from suppliers on account for $10,800.

c) The utility bill is paid at the end of the month, $4,700.

d) Services are performed, and customers are billed for $12,700.

e) Five parcels of real estate are purchased for a total of $58,200 in cash.

f) A long-term investment in an equity security is sold for $4,800 cash.

g) Principal payments are made on outstanding debts.

h) Cash is received from customers for services completed in a previous period.