Reference no: EM132702581

Problem - During the last 2 years of operations, Haws Company had the following transactions:

a. Reported a loss for the year ($800,000).

b. Reported profits of $6,000,000 for the most recent year.

c. Issued bonds with a 6-year maturity date for $2,000,000.

d. Retired a mortgage bond.

e. Sold a 20% interest in a company.

f. Paid cash dividends of $2,000,000.

g. Sold equipment for $500,000.

h. Purchased a new manufacturing system for $6,000,000.

i. Issued preferred stock for $2,000,000.

Required - Classify each of these transactions as an operating activity, an investing activity, or a financing activity and indicate whether the activity is a source of cash or a use of cash.