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Cullumber Corporation had the following transactions. 1. Sold land (cost $12,000) for $14,600. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on
Cullumber Corporation had the following transactions. 1. Sold land (cost $12,000) for $14,600. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $17,000. 4. Paid salaries of $9,000. 5. Issued 600 shares of $1 par value common stock for equipment worth $4,800. 6. Sold equipment (cost $10,600, accumulated depreciation $7,420 ) for $1,272. For each transaction above, indicate how it would affect the statement of cash flows using the indirect method. (Select "Not R
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