Classify Each of the Transactions 2022

Classify each of the transactions as an operating activity transaction, investing
activity transaction, financing activity transaction, or none-of-the-above.
1. Payment of a stock dividend Financing Activity
2. Sale of preferred stock for cash Financing Activity
3. Prepaid the office rent for six months operating activity
4. Cash payment of income tax expense operating activity
5. Sale of land held as an investment for cash Investing Activity
6. Declared (but did not pay) a cash dividend none of the above
7. Purchased treasury stock using cash investing activity
8. Purchase of machinery for cash investing activity
9. Cash payment on loan principal financing activity
10. Collection of cash on outstanding accounts receivable operating activity
Statement of Cash Flow
Presented below are the consolidated financial statements of Casual Clothing, Inc.
CASUAL CLOTHING INC.
Consolidated Balance Sheet
12/31/13 12/31/12
Assets
Current assets
Cash and cash equivalents $35,176 $29,408
Merchandise inventory 376,612 168,180
Accounts receivable (net) 102,800 71,200
Other current assets 140,412 101,572
Total current assets 655,000 370,360
Noncurrent Assets
Buildings, furniture & equipment (net) 7,307,452 6,635,960
Land 9,119,784 5,835,328
Construction-in-process 2,462,888 1,658,900
Intangibles (net) 39,120 26,800
Total assets $19,584,244 $14,527,348
Liabilities & Shareholders' Equity
Current liabilities
Notes payable $3,119,616 $707,536
Current maturities of long-term debt 1,000,000 1,400,000
Accounts payable 668,828 743,780
Accrued expenses & other liabilities 1,536,836 1,406,840

CASUAL CLOTHING INC.
Consolidated Balance Sheet
12/31/13 12/31/12
Income taxes payable 71,296 105,052
Total current liabilities 6,396,576 4,363,208
Long-term liabilities
Long-term debt 3,520,864 3,123,700
Total liabilities 9,917,440 7,486,908
Shareholders' equity
Common stock ($.05 par value) 587,844 587,844
Additional paid-in-capital 5,179,868 5,179,868
Retained earnings 3,899,092 1,272,728
Total shareholders' equity 9,666,804 7,040,440
Total liabilities & shareholders' equity $19,584,244 $14,527,348
CASUAL CLOTHING INC.
Consolidated Statement of Earnings
For Year Ended 12/31/13
Net sales
$54,693,84
0
Costs & expenses
Cost of goods sold 34,397,768
Operating expenses 14,517,028
Interest expense (net) 251,504
49,166,300
Earnings before income taxes 5,527,540
Income taxes 2,017,552
Net earnings $3,509,988
Note: In 2013, amortization expense for intangibles was $10,800 and depreciation expense
for buildings, furniture & equipment was $492,000.
Required
Using the above financial data, prepare the statement of cash flow for 2013 for Casual
Clothing, Inc. using the indirect method.
Use a negative sign to indicate a decrease in cash.