Current Attempt in Progress

Wildhorse Corporation had the following transactions.

Sold land $($cost $$11,700)$ for $$13,700.$

Issued common stock at par for $$20,000.$

$3.$ Recorded depreciation on buildings for $$16,700.$

$4.$ Paid salaries of $$8,700.$

Issued $1,200$ shares of $$1$ par value common stock for equipment worth $$9,600.$

Sold equipment $($cost $$10,000,$ accumulated depreciation $$7,000)$ for $$1,200.$

For each transaction above, indicate how it would affect the statement of cash flows using the indirect method. $($Select "Not Reported" If it is not reported on the statement of cash flows. Select "Not Appllcable" If it does not belong to any section.$)$

Cash receipt

Gain on disposal of plant assets

Cash receipt

Depreciation expense

Salaries and wages expense

Common stock for equipment

Cash receipt

Loss on disposal of plant assets