Furst Corporation had the following transactions.

1. Paid salaries of $14,000.

2. Issued common stock for equipment worth $16,000.

3. Sold equipment (cost $10,000, accumulated depreciation $6,000) for $3,000.

4. Sold land (cost $12,000) for $16,000.

5. Issued common stock for $25,000.

6. Recorded depreciation of $20,000.

Instructions For each transaction above,

(a) Prepare the journal entry,

(b) Indicate how it would affect the statement of cash flows. Assume the indirect method.