PA$12-1($Static$)$ Determining Cash Flow Statement Effects of Transactions $[$LO $12-1]$

For each of the following first$-$quarter transactions, indicate whether operating $($O$),$ investing $($I$),$ or financing activities $($F$)$ are affected and whether the effect is a cash inflow $(+)$ or outflow $(-.$ Select $($NE$)$ if the transaction has no effect on cash.

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{1\}\{|$c$|\}\{$ Transaction $\}$ & Activity & Cash Flow $\backslash \backslash$

$\backslash$hline $1.$ Bought used equipment for cash. & & $\backslash \backslash$

$\backslash$hline $2.$ Paid cash to purchase new equipment. & & $\backslash \backslash$

$\backslash$hline $3.$ Declared and paid cash dividends to stockholders. & $\backslash \backslash$

$\backslash$hline $4.$ Collected payments on account from customers. & $\backslash \backslash$

$\backslash$hline $5.$ Recorded and paid interest on debt to creditors. & $\backslash \backslash$

$\backslash$hline $6.$ Repaid principal on loan from bank. & $\backslash \backslash$

$\backslash$hline $7.$ Prepaid rent for the following period. & $\backslash \backslash$

$\backslash$hline $8.$ Made payment to suppliers on account. & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$