Below are several transactions that took place in Mohawk Company last year, identify the nature of activity and also indicate the direction of cash flow. (Leave no cells blank.)
| Transaction | Activity | Cash Inflow / Outflow | ||
| a. | Bonds were retired by paying the principal amount due. | Financing ![]() | Cash outflow ![]() | |
| b. | Interest was paid to a lender. | Operating ![]() | Cash outflow ![]() | |
| c. | Income taxes were paid to the government. | Operating ![]() | Cash outflow ![]() | |
| d. | A long-term loan was made to a supplier. | Investing ![]() | Cash outflow ![]() | |
| e. | Cash dividends were declared and paid. | Financing ![]() | Cash outflow ![]() | |
| f. | Common stock was sold for cash to investors. | Financing ![]() | Cash inflow ![]() | |
| g. | Equipment was sold for cash. | Investing ![]() | Cash inflow ![]() | |
| h. | Paid wages to employees. | Operating ![]() | Cash outflow ![]() | |
| i. | Collected cash from customers. | Operating ![]() | Cash inflow ![]() | |
| j. | Paid cash to repurchase its own stock. | Financing ![]() | Cash outflow ![]() | |
| k. | Bought equipment for cash. | Investing ![]() | Cash outflow ![]() | |
| l. | Paid suppliers for inventory purchases. | Operating ![]() | Cash outflow ![]() | |

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