E17-10 Two transactions of Transworld Express, Inc., are recorded as follows: 290.000

a. Land Cash Note Payable.

b. Cash Accumulated Depreciation. Equipment... Gain on Sale of Equipment. Required 130,000 160.000 22.000 83.000 92,000 13,000 Preparing the statement of cash flows by the indirect method (Obj. 5) 688 CHAPTER 17 1. Indicate where, how, and in what amount to report these transactions on the statement of cash flows and accompanying schedule of noncash investing and financing activities. Transworld reports cash flows from operating activities by the direct method. 2. Repeat requirement I, assuming that Transworld reports cash flows from operating activ- ities by the indirect method.