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Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Marin Inc. for the year ended December

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Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Marin Inc. for the year ended December 31, 2017. State where each item is to be shown in the statement of cash ows, if at all. (a) Patent amortization for the year was $13,000. v $ (b) During the year, treasury stock costing v $ $30,000 was purchased. Plant assets that had cost $19,000 6 years (c) before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $3,900. Sale proceeds V $ Loss on sale of plant assets V $ The company sustained a net loss for the year (d) of $50,000. Depreciation amounted to $35,000, and a gain of $18,000 was realized on the sale of land for $39,000 cash. Net Loss V $ Depreciation V $ Gain on Sale of Land V $ Proceeds from the Sale of Land V $ if) During the year, 10,000 shares of common stock with a stated value of $10 a share were issued for $89 a share. The company exchanged common stock for a 70% interest in Tabasco Co. worth $891,000. Financing Activities Investing Activities Noncash Investing and Financing Activity Not Shown Operating Activities

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