Styles Editing 2. For each event listed below, select the appropriate category which describes the effect of the event an astatement of cash flows: a. Cash provided/used by operating activities. b. Cash provided/used by investing activities c. Cash provided/used by financing activities, d. Not a cash flow. 1. Payment on long-term debt 2. Issuance of bonds 3. Collection of cash from accounts receivable 4. Hiring of a new employee 5. Issuance ofstuck to acquire land 6. Cash received for services provided 7. Payment of employees'wages 8. Issuance of share capital-ordinary for cash 9. Payment of income taxes payable 10. Purchae of equipment 11. Purchase of treasurystock 12. Sale of long-term investment The following items were taken from the financial statements of Horace, Inc., over athree-year period: Item 2018 2017 2016 Net Sales OMR 355,000 OMR 340,000 OMR 300,000 Cost of Goods Sold 214.000 202000 185.000 Gross Profit AMB 141,000 OMR 138.000 OMR 114,000 Instructions Compute the following for each ofthe above time periods, using horkantal analysis. a. The amount and percentage change from 2016 to 2017 b The amount and percentage change from 2017 2018