Problem $15-8($Static$)$ Classification of Transactions $[$LO$15-1]$

Below are several transactions that took place in Seneca Company last year:

a$.$ Paid suppliers for inventory purchases.

b$.$ Bought equipment for cash.

c$.$ Paid cash to repurchase its own stock.

d$.$ Collected cash from customers.

e$.$ Paid wages to employees.

f$.$ Equipment was sold for cash.

g$.$ Common stock was sold for cash to investors.

h$.$ Cash dividends were declared and paid.

i$.$ A long$-$term loan was made to a supplier.

j$.$ Income taxes were paid to the government.

k$.$ Interest was paid to a lender.

I. Bonds were retired by paying the principal amount due.

Required:

Indicate how each of the above transaction would be classified on a statement of cash flows. As appropriate, place an $x$ in the Operating, Investing, or Financing column. Also, place an $x$ in the Cash Inflow or Cash Outflow column.

$\backslash$table$[[$Transaction$,\backslash$table$[[$Operating$],[$Activity$]],\backslash$table$[[$Investing$],[$Activity$]],\backslash$table$[[$Financing$],[$Activity$]],$Cash Inflow,Cash Outflow$],[$a$.$ Paid suppliers for inventory purchases$],[$b$.$ Bought equipment for cash$],[$c$.$ Paid cash to repurchase its own stock$],[$d$.$ Collected cash from customers$],[$e$.$ Paid wages to employees$],[$f$.$ Equipment was sold for cash$],[$g$.$ Common stock was sold for cash to investors$],[$h$.$ Cash dividends were declared and paid$],[$i$.$ A long$-$term loan was made to a supplier$],[$j$.$ Income taxes were paid to the government$],[$k$.$ Interest was paid to a lender$],[$I$.$ Bonds were retired by paying the principal amount due,,,,,$]]$