Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Granderson SA for the year ended December 31, 2022.

a. Plant assets that had cost €25,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated residual value were sold at the beginning of the year for €5,300.

b. During the year, 10,000 ordinary shares with a stated value of €10 a share were issued for €33 a share.

c. Uncollectible accounts receivable in the amount of €27,000 were written off against Allowance for Doubtful Accounts.

d. The company sustained a net loss for the year of €50,000. Depreciation amounted to €22,000, and a gain of €9,000 was realized on the sale of land for €39,000 cash.

e. A 3-month certificate of deposit was purchased for €100,000. The company uses a cash and cashequivalent basis for its cash flow statement.

f. Patent amortization for the year was €20,000.

g. The company exchanged ordinary shares for a 70% interest in Plumlee Co. for €900,000.

h. During the year, treasury shares costing €47,000 were purchased.

i. The company recognized an unrealized holding gain on a debt investment not held for collection.

Instructions

State where each item is to be shown in the statement of cash flows, if at all.