The following table includes transactions carried out by Ram Horn Corporation, as well as columns for each of the three categories found in the statement of cash flows: operating, financing, and investing activities.
Required: For each event shown, indicate whether there is an inflow or outflow of cash in each of the categories, and indicate the amount. If the transaction would not appear on the statement of cash flows, explain why.

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Operating Financing Investing activities activities activities In (out) In (out) In (out,) Example 1. Retired $100 of non-current debt with cash (100) 2. Purchased a building for $90; $60 was borrowed and the rest was paid in cash. 3. Declared and paid cash dividends of $12 during the year 4. Purchased equipment by issuing $20 of common shares. 5. Paid $50 in cash to pay off a bank loan. 6. Sold land for $30 cash 7. Earned net incomelof $75. 8. Purchased equipment costing S15; of this, $5 was paid in cash and the rest with a 90-day note payable. 9. Amortized a patent by $2. 10.Assumed $100 of non-current debt and repurchased common shares with the proceeds. 11.Purchased short-term investments for $5 cash. 12.Sold a machine that cost $20 for $7 cash; the accumulated depreciation on it was $10. 13.Depreciation expense for building and equipment amounted to $8 14.Paid in cash the note payable in transaction 8 above 15.Issued $20 of preferred shares for cash 16.Purchased a patent for $25 cash 17.Prepaid $20 for the next two months of advertizing 18.Purchased land for $60 cash.