The following cash transactions occurred in five real world companies during 2004:

1. FedEx Corp., which is the holding company of Federal Express, purchased Kinko's, Inc., on February 12, 2004, for \($2.4\) billion.

2. Google Inc. issued 14.1 million shares of its stock on August 18, 2004, for \($85\) per share. On that same day, a few major shareholders of Google, including its founders, sold 5.5 million shares of its stock at the same price.

3. Payless ShoeSource, Inc., had cash sales of \($2.8\) billion during its fiscal year ending on January 31, 2004.

4. Red Hat, Inc., the leading provider of the open-source operating system Linux, issued \($600\) million of "convertible debentures" in January 2004. Convertible debentures are a form of long-term debt that is explained in more detail in Chapter 7.

5. Sears, Roebuck and Company completed the sale of its domestic Credit and Financial Products business to Citicorp on November 3, 2004, for \($32\) billion, \($22\) billion of which was re- ceived in cash.

Required:-

Determine if each of the above transactions should be classified as an operating, investing, oxfinancing activity. Also, identify the amount of each cash flow and whether it was an inflow or an outflow.