3. Using the following information reported by Kayne & Company for the most recently ended year, determine which section of the Statement of Cash Flows each item would be located

Label - Description ------ Amount a. - Net income - ---- $150,000 b. - Dividends paid ------ $3,000 c. - Depreciation expenses------$4,000 d. -Decrease in accounts receivable ----- $9,000 e. -Purchase of equipment------ $18,000 f. -Increase in accounts payable-----$7,000