Classify each transaction as either: operating activity (o), investing activity (i), financing activity (f), or noncash investing and financing activity (nc).also, indicate whether the transaction generated a cash inflow, cash outflow, or no cash flow effect. transaction activity affected o, i, f, nc cash inflow, outflow, or no cash flow effect1 bonds payable are issued for cash at a discount. 2 land is sold for cash at book value. 3 bonds payable is converted into common stock. 4 paid a cash dividend to preferred stockholders. 5 land was acquired by issuing common stock. 6 recorded sales on account. 7 merchandise is sold to customers for cash. 8 equipment is purchased by signing a 3-year, 10% note payable. 9 sold buildings and equipment for cash. 10 purchased inventory for cash. 11 common stock is sold for cash above par value. 12 cash proceeds from disposal of plant asset.