Classify cash flows as operating, investing, or financing Learning Objectives 1 & 2) For each of the following situations, identify whether the activity is an operating investing, or financing activity and compute the cash provided or used by the activity. The indirect method is used. S13-4 Operating (O) Investing W Amount of Increase(+ Financing (F) Cash Flow Decrease ( Activity a. A building with a cost of $188,000 and accumulated depreciation of $44,000 was sold for a $17,000 gain. b. Net income for last year was $117,000. The accumulated depreciation balance increased by $20,000. There were no changes in noncash current assets or liabilities. There were also no sales of plant assets