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In addition to recognizing what type of activity transactions are being described, it is important to recognize a transaction is a souroe or a use use of cash. whetner of cash. In the following table, determine whether each transaction is a source or a Source Use of Cash of Cashh Hall Co. incured total operating expenses of $834,000 and total cash payments for expenses that equaled $781,000. McDonald Inc. generated $1,478,000 in net sales revenue and collected $1,384,000 in cash for sales made during the year. Simpson Inc. sold equipment for $52,000. Baker Co. paid preferred dividends of $36,000 Fitzgerald Co. issued a long-term note for $362,000. Baldwin Inc. purchased a factory for $741,000. Ramos Technologies paid $289,000 of the principal owed on long-term debt. O