39) Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, please enter the adjustments needed to record the following transactions:

Issued common stock for $28,000.

Issued new long-term notes payable for $34,000.

Repaid long-term notes payable for $40,000.

Transaction Analysis Panel A - Balance Sheet Cash Accounts receivable Inventory Plant assets, net Balance Dec 31, 2013 $ 18,000 35,000 25,000 90,000 Balance Dec 31, 2014 $ 21,000 31.000 53,000 (d) 4,000 (e) 28,000 (h) 52,000 (6) 12,000 (c) 10,000 120,000 $225,000 Total assets $168.000 (1) 2,000 | (g) 1,000 Accounts payable Accrued liabilities Long-term notes payable Common stock Retained earnings Treasury stock Total liabilities and stockholders' equity $ 6,000 1,000 90,000 2,000 74,000 (5,000) $168,000 $ 4,000 2,000 84,000 30,000 113,000 (8,000) $225,000 (a 49.000 (a) 49,000 (6) 12,000 C) 4,000 (d) 4,000 (e) 28.000 (f) 2,000 (g) 1,000 Panel B - Statement of Cash Flows Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Gain loss on sale of plant assets Increase decrease in accounts receivable Increase decrease in inventory Increase decrease in accounts payable Increase decrease in accrued liabilities Net cash from operating activities Cash flow from investing activities: Acquisition of plant assets Cash receipt from sale of plant assets Net cash from investing activities Cash flows from financing activities: Cash receipt from issuance of common stock Cash receipt from issuance of notes payable Payment of notes payable Purchase of treasury stock Payment of dividends Net cash from financing activities (h) 52,000 IC) 14,000 Net change in cash Control totals