E13-3. Cushenberry Corporation had the following transactions.

Sold land (cost $12,000) for $15,000.

Issued common stock at par for $20,000.

Recorded depreciation on buildings for $17,000.

Paid salaries of $9,000.

Issued 1,000 shares of $1 par value common stock for equipment worth $8,000.

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

Instructions

For each transaction above, (a) prepare the journal entry, and (b) indicate how it would affect the statement of cash ows using the indirect method.