Response to the following problem:
Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows.
(a) Net income is $317,000.
(b) Cash dividends declared and paid totaled $120,000.
(c) Equipment was purchased for $114,000.
(d) Equipment that originally cost $40,000 and had accumulated depreciation of $32,000 was sold for $10,000.