Try another version of this question 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 Items Category Purchased equipment for $120,000 cash. Retired a notes payable with 1,260 shares of the company's common stock. Issued $10 par preferred stock for cash. Sold building for $19,000 gain for cash. Cash paid to vendors, $14,700. Cash received from sales to customers of $34,500. Purchased treasury stock for $26,900. Cash Flow Items Category Purchased equipment for $120,000 cash. Investing Retired a notes payable with 1,260 shares of the company's common stock. Non-Cash Issued $10 par preferred stock for cash. Financing Sold building for $19,000 gain for cash. Operating Cash paid to vendors, $14,700. Operating Cash received from sales to customers of $34,500. Operating Purchased treasury stock for $26,900. Financing