Schomberg Motors Ltd. is a car dealership that sells new and used cars and offers servicing to…

Schomberg Motors Ltd. is a car dealership that sells new and used cars and offers servicing to customers. Classify each of the following cash flows that Schomberg incurred as operating, financing, or investing activities: a. sale of a new car to a customer b. purchase of new van for use as a shuttle for customers leaving their cars for servicing c. purchase of new cars from the manufacturer for sale to customers d. deposit paid by a customer for a vehicle that will be delivered next year e. sale of common shares to an investor to pay for an expansion f. purchase of a piece of land to build the expanded facility g. repayment of a bank loan h. sale of old equipment used for providing service to customers i. payment of utilities