Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Sunland Enterprises. State where each item is to be shown in the statement of cash flows, if at all. Items (a) During the year, 51,000 shares of preferred stock with a par value of $100a share were issued for $101 a share. (b) During the year, treasury stock costing $123,800 was sold. (c) Equipment that had cost $72,0002 years before and was being depreciated on a straight-line basis over 6 years with a $9,600 estimated scrap value was sold for $27,000. (d) Goodwill impairment was $501,900. (e) Warranty-related payments of $84,100 were charged against accrued (d) Goodwill impairment was $501,900. (e) Warranty-related payments of $84,100 were charged against accrued warranty expenses. (f) 6-month U.S. Treasury bills were sold for $211,600. The company uses a cash and cash-equivalent basis for its cash flow statement. (g) The company issued $602,000 in bonds payable to acquire land. (h) The company reported net income for the year of $177,700. Depreciation amounted to $71,000, and a loss of $45,700 was reported on the sale of an equity investment