The following items summarize certain transactions that occurred during the past year for Alta Inc. Show in which section of the statement of cash flows the information would be reported by placing an X in the appropriate column. (Assume the direct method is used to report operating cashflows.)

Reported in Statement of Cash Flows Not Reported in Statement of Cash Flows Transaction Operating Investing Financing Collections from customers a. b. Depreciation expense c. Wages and salaries paid d. Cash dividends paid e. Taxes paid f. Utilities paid g. Building purchased in exchange for stock h. Stock of Western Co. purchased i- Inventory purchased for cash Interest paid on Alta's note to local bank k. Interest received from a customer note I. Delivery truck sold at no gain or loss