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Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N).

Consider the following transactions:

Cash Flow ItemsCategory
Cash received from sales to customers of $35,800.
Purchased equipment for $122,000 cash.
Retired a notes payable with 1,220 shares of the company's common stock.
Cash paid to vendors, $16,000.
Issued $15 par preferred stock for cash.
Sold building for $20,700 gain for cash.
Purchased treasury stock for $28,200.