Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Bastille Inc., which uses ASPE, for the year ended December 31, 2014.

1. Plant assets that cost $40,000 six years before and were being depreciated on a straight-line basis over 10 years with no estimated residual value were sold for $5,300.

2. During the year, 10,000 common shares were issued for $41 cash per share.

3. Uncollectible accounts receivable in the amount of $27,000 were written off against the allowance for doubtful accounts.

4. The company sustained a net loss for the year of $10,000. Depreciation amounted to $22,000. A gain of $9,000 was reported on the sale of land for $39,000 cash.

5. A three-month Canadian treasury bill was purchased for $50,000 on November 13, 2014. The company uses a cash and cash-equivalent basis for its statement of cash flows.

6. Patent amortization for the year was $18,000.

7. The company exchanged common shares for a 40% interest in TransCo Corp. for $900,000.

8. The company accrued an unrealized loss on investments accounted for at FV-NI.

Instructions

Identify where each item is reported in the statement of cash flows, if at all.