Problem 1 (8 Points) Classify each transaction as either. (a) an operating activity (b) an investing activity (c) a financing activity (d) a n investing and financing activity. elected transactions of Mets Company are 1. Common stock is sold for cash. 2. Bonds payable are issued for cash. 3. Merchandise is sold to customers for cash 4. Land is sold for cash. 5. Employees' wages are paid in cash. listed below 6. Equipment is purchased by signing a 3-year, 10% note payable. -7.Cash dividends on common stock are declared and paid. 8.Bonds payable are converted into common stock