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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
Purchased treasury stock for $28,800.
Sold building for $20,800 gain for cash.
Retired a notes payable with 1,250 shares of the company's common stock.
Cash received from sales to customers of $35,000.
Cash paid to vendors, $14,000.
Issued $12 par preferred stock for cash.
Purchased equipment for $125,000 cash.