For Each of the Following Ten Transactions, Indicate by Letter

For each of the following ten transactions, indicate by letter whether the cash effect of each transaction is reported in a statement of cash flows as an operating (O), investing (I), financing (F), or noncash (NC) activity. Also, indicate whether the transaction is a cash inflow (CI), cash outflow (CO), or no effect on cash (NE). The first answer is provided as an example. $$\begin{array} { c c l } \begin{array} { c } \text { Type of } \\\text { Activity }\end{array} & \begin{array} { c } \text { Cash Inflow } \\\text { or Outflow }\end{array} & \text { Transaction } \\\hline \text { O } & \text { CO } & \text { Payment of employee salaries } \\&& \text { 1. Issuance of bonds } \\&& \text { 2. Payment of income taxes } \\&& \text { 3. Payment of a long-term note payable } \\& & \text { 4. Sale of treasury stock } \\&& \text { 5. Payment of an account payable } \\&& \text { 6. Sale of land for cash } \\&& \text { 7. Purchase of long-term assets by issuing debt. } \\& & \text { 8. Collection of an account receivable } \\&& \text { 9. Issuance of common stock } \\&& \text { 10. Purchase of inventory }\end{array}$$