Static Text and embed text both greyed out Flash CC professional

I have Flash professional CC build 14.1.0.96 and I'm trying to perform a free transform on some text; however when I do this, the text disappears.

Iv'e googled around, which suggests I need to use static text, or if i'm using dynamic text, I need to embed my font.

My problem is that both the static text and the embed font options are greyed out.

How can I either embed text or select static text?