1. State the sections of the statement of cash flows prepared by the indirect method (operating activities, investing activities, financing activities, or not reported) and the amout that would be reported for each of the following transactions.
(a) Recieved $120,000 from the sale of land costing $70,000
(b) Purchased investments for $75,000
(c) Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beggining of the year, and $6,000 were payable at the end of the year.
(d) Acquired equipment for $64,000 cash.
(e) Declared and issued 100 shares of $20 par common stock as a stock divident, when the market price of stock was $32 a share.
(f) Recoginized depreciation for the year, $37,000.
(g) Issued $85,000 shares of $10 par common stock for $25 a share, receiving cash.
(h) Issued 500,000 of 20-year, 10% bonds payable at 99.
(i) Borrowed $43,000 from Cardnial Bank, issuing a 5-year, 8% note for that amount.