McTaggart-Hicks Investments specializes in low-risk government bonds. Identify each of McTaggart-Hicks transactions as operating (O), investing (I), financing (F), non-cash investing and financing (NIF), or a transaction that is not reported on the statement of cash flows (N). Indicate whether each item increases (+) or decreases (–) cash. The indirect method is used for operating activities.
□□□□□□□□□□□□□□□□□□□a. Sale of long-term investment b. Issuance of long-term note payable to borrow cashc. Increase in prepaid expensesd. Payment of cash dividende. Loss of sale of equipment f. Decrease in merchandise inventoryg. Acquisition of equipment by issuance of note payable h. Increase in accounts payable i. Amortization of intangible assets j. Net incomek. Payment of long-term debt l. Accrual of salary expense m. Cash sale of landn. Purchase of long-term investment o. Acquisition of building by cash payment p. Purchase of treasury stockq. Issuance of common stock for cash r. Decrease in accrued liabilities s. Depreciation of equipment