Complete each of the columns on the table below, indicating in which section each item would be reported on the statement of cash flows (operating, investing, or financing), the amount that would be reported, and whether the item would create an increase or decrease in cash. For item that affect more than one section of the statement, indicate all affected. Assume the indirect method of reporting cash flows from operating activities.

The first item has been completed as an example.

Item	Statement Section	Amount to Report	+/ Effect on Cash
Depreciation of $15,000 for the period	Operating	$15,000	Increase
Issuance of common stock for $35,000
Increase in accounts payable of $7,000
Retirement of $100,000 bonds payable at 97
Purchase of long-term investments for $94,500
Dividends declared and paid of $8,300
Increase in prepaid rent of $4,500
Decrease in Inventory of $5,300
Purchase of equipment for $17,600 cash
Sale of land originally costing $134,000 for $130,000
Decrease in taxes payable of $2,100			]

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