You are provided with the following transactions that took place during a recent fiscal year.

InstructionsComplete the table indicating whether each item (1) Should be reported as an operating (O) activity, investing (I) activity, financing (F) activity, or as a noncash (NC) transaction reported in a separate schedule, and (2) Represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach.

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Cash Inflow, Outflow, or Where Reported on Statement Transaction No Effect? (a) Recorded depreciation expense on the plant assets (b) Recorded and paid interest expense. (c) Recorded cash proceeds from a sale of plant assets. (d) Acquired land by issuing common stock. (e) Paid a cash dividend to preferred stockholders. (f) stockholders. (g) Recorded sales on account. Distributed a stock dividend to common Recorded cash sales. (h) (i) Purchased inventory for cash. (j) Purchased inventory on account.