Shake Shack Inc. reports the following items in its 2015 statement of cash flow. For each item, indicate whether it would appear in the operating, investing, or financing section of the statement of cash flows (in $ thousands). Activity a. Accounts payable $ 201 Answer b. Proceeds from issuance of Class B common stock 30 Answer c. Equity-based compensation 16,681 Answer d. Inventories (14) Answer e. Purchases of property and equipment (32,117) Answer f. Member distributions (dividends) (11,125) Answer g. Net income 3,124 Answer h. Payments on revolving credit facility (3,600) Answer i. Purchases of marketable securities (2,397) Answer