28 E23-10 (Classification of Transactions) Following are selected statement of financial position accounts of Sander Bros. Corp. at December 31, 2015 and 2014, and the increases or decreases in each account from 2014 to 2015. Also presented is selected income statement information for the year ended December 31, 2015, and additional information. Selected statement of financial position accounts 2015 2014 Increase (Decrease) Assets Property, plant, and equipment Accumulated depreciation Accounts receivable $277,000 (178,000) 34,000 $247,000 (167,000) 24,000 $ 30,000 (11,000) 10,000 Equity and liabilities Share capital-ordinary, $1 par Share premium-ordinary Retained earnings Bonds payable Dividends payable $ 22,000 $ 19,000 $ 3,000 9,000 104,000 3,000 6,000 91,000 13,000 49,000 46,000 3,000 8,000 5,000 3,000 www.downloadslide.com 1230 Chapter 23 Statement of Cash Flows Selected income statement information for the year ended December 31, 2015 Sales revenue Depreciation Gain on sale of equipment $155,000 38,000 14,500 31,000 Net income Additional information: 1. During 2015, equipment costing $45,000 was sold for cash. 2. Accounts receivable relate to sales of merchandise. 3. During 2015, $25,000 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. Instructions Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. (a) Payments for purchase of property, plant, and equipment. (b) Proceeds from the sale of equipment. (c) Cash dividends paid. (d) Redemption of bonds payable