Selected accounts of Ashley Antiques show the following:

Requirement
1. For each account, identify the item or items that should appear on a statement of cash flows prepared by the direct method. State where to report theitem.

Transcribed Image Text:

Salary Payable Beginning balance 10,000 28,000 8,000 Payments 30,000 Sala Ending balance Buildings 80,000 Depreciation Beginning balance 20,000 120,000 Book value of building sold 119,000 Ending balance Sale price was 150,000. 61,000 Notes Payable 67,000 Issuance of note 234,000 for cash 74,000 241,000 Beginning balance Payments Ending balance