Current Attempt in Progress

Each of the following items must be considered in preparing a statement of cash flows $($indirect method$)$ for Wildhorse Enterprises. State where each item is to be shown in the statement of cash flows, if at all.

Items

$($a$)$ During the year, $50,000$ shares of preferred stock with a par value of $$100$ a share were issued for $$101$ a share.

$($b$)$ During the year, treasury stock costing $$124,800$ was sold.

$($c$)$ Equipment that had cost $$70,3002$ years before and was being depreciated on a straight$-$line basis over $6$ years with a $$11\mathrm{.}200$ estimated scrap value was sold for $$26,200.$

$($d$)$ Goodwill impairment was $$500,200.$

$($e$)$ Warranty$-$related payments of $$85,200$ were charged against accrued warranty expenses.

$($f$)6-$month U$.$S$.$ Treasury bills were sold for $$209,600.$ The company uses a cash and cash$-$equivalent basis for its cash flow statement.

$($g$)$ The company issued $$600,400$ in bonds payable to acquire land.

$($h$)$ The company reported net income for the year of $$175,500.$ Depreciation amounted to $$68,600,$ and a loss of $$44,900$ was reported on the sale of an equity investment.

Financing Activity Investing Activity Investing and Financing Activity Noncash Investing and Financing Activity Not Reported on Cash Flows Operating Activity Operating and Financing Activity Operating and Investing Activity