COUNTING WOWS EXERCISE 5 The following information is available for Sally Carpation for the year ended December 31, 2017 Collection of principal on long-term loan to a supplier Acquisition of equipment for cash Proceeds from the sale of long-term investment at book value Issuance of common stock for cash Depreciation expense Redemption of bonds payable at carrying (book) value Payment of cash dividends Net income Purchase of land by issuing bonds payable F $15,000 10,000 20,000 27,000 28,000 35,000 15,000 25,000 45,000 NC In addition, the following information is available from the comparative balance sheet tot Sally at the end of 2018 and 2019: Cash Accounts receivable (net) Prepaid insurance Total current assets 2019 $ 66,000 20,000 18,000 $104,000 2018 $14,000 16,000 13,000 $43.000 Accounts payable Salaries payable Total current liabilities $ 30,000 3.000 $ 33.000 $20,000 7.000 $27.000 Instructions Prepare Sally's statement of cash flows for the year ended December 31, 2019 using the indir method. POINTS) PROBLEMS le c tions of Alton Company Com o Didende received socket exchanged for bonds pie Hands pa red for s Tru ckchaud for cash peem 5. Land in bought for cash at book vaboe. 6 latest publis padinah qu i s purchased ning avat, 10 note payable Cadividends on common stock are declared and paid 9 100 shares of XYZ common stock are sold for cash 10. Merchandise is sold to customers for credit ) investing city, Instructions cach transaction ther a peuting activity. od nocas investing and finance city Solution 5