11. Effects of transactions on statement of cash flows. Indicate for each of the following what should be disclosed on a statement of cash flows (SCF) (indirect method). If not disclosed, write "Not shown." If an item is a noncash transaction that should be shown separately, write "noncash." If an item is added to net income, write "Add," and if an item is deducted from net income, write "Deduct." Show financing and investing outflows in parentheses. For example, an answer might be: Deduct $4,700 or Investing ($31,000). There is more than one answer for some items. (a) For 2018, income before taxes and an unusual loss was $460,000. A tomado damaged a building and its contents. The proceeds from insurance companies totaled $120,000, which was $50,000 less than the book values. The tax rate was 30%. (Show the calculation of the net income shown on the SCF, and indicate how other items should be shown on the SCF.) (b) Amortization of bond premium, $1,100 (c) The balance in Retained Earnings was $875,000 on December 31, 2017 and $1,310,000 on December 31, 2018. Net income was $1,170,000. A stock dividend was declared and distributed which increased common stock $325,000 and paid-in capital S170,000. (Show calculation of the cash dividend and indicate how it and the stock dividend would be shown on the SCF.) (d) Equipment, that cost $115,000 and had accumulated depreciation of $53,000, was sold for $66,000. (e) The deferred tax liability increased $18,000. (t) Issued 3,000 shares of preferred stock, $50 par, with a market value of $115 per share for land. (Show the amount also.)