30 Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information 5 points 00:22:36 Increase Selected Balance Sheet Accounts 2018 2017 (Decrease) Assets Accounts receivable $ 74,000 $ 44,000 $30,000 Property, plant, and equipment 317,000 267,800 50,000 Accumulated depreciation (218,000) (187,000) 31,600 Liabilities and Stockholders' Equity Bonds payable 109,000 86,000 23,000 Dividends payable 18,000 13,000 5.000 Common stock, $1 par 62,000 39,000 23,000 Additional paid-in capital 19,000 11,000 8,000 Retained earnings 144,000 111,080 33,000 Selected Income Statement Information for the Year Ended December 31, 2018 Sales revenue $ 195,000 Depreciation 73,000 Gain on sale of equipment 23,000 Net income 68,000 eBook Additional information: a. Accounts receivable relate to sales of merchandise. b. During 2018, equipment costing $80,000 was sold for cash, c. During 2018, bonds payable with a face value of $60,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. b. During 2018, equipment costing $80,000 was sold for cash c. During 2018, bonds payable with a face value of $60,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. 30 Required: Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31, 2018. The following two responses are required for each item: 5 points 00:22:07 a. Determine the amount that should be reported in Del Conte's 2018 statement of cash flows. b. Select the category (ie, o Operating activity, 1 - Investing activity and F. Financing activity) in which the amount should be reported in the statement of cash flows. eBook Category Amount $ 165.000 $ 76,300 1. Cash collections from customers (direct method). 2. Payments for purchase of property, plant, and equipment. 3. Proceeds from sale of equipment 4 Cash dividends paid. 5. Redemption of bonds payable. IF