Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Martinez Inc. for the year ended December 31, 2017. State where each item is to be shown in the statement of cash flows, if at all.

(a)

Patent amortization for the year was $15,000.

select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities

$enter a dollar amount

(b)

During the year, treasury stock costing $28,000 was purchased.

select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities

$enter a dollar amount

(c)

Plant assets that had cost $21,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $4,600.

Sale proceeds

select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities

$enter a dollar amount

Loss on sale of plant assets

select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities

$enter a dollar amount

(d)

The company sustained a net loss for the year of $55,000. Depreciation amounted to $35,000, and a gain of $19,000 was realized on the sale of land for $41,000 cash.

Net Loss

select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities

$enter a dollar amount

Depreciation

select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities

$enter a dollar amount

Gain on Sale of Land

select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities

$enter a dollar amount

Proceeds from the Sale of LandEach of the following items must be considered in preparing a statement of cash flows (indirect method) for Martinez Inc. for the year ended December 31, 2017. State where each item is to be shown in the statement of cash flows, if at all.

(a)		Patent amortization for the year was $15,000.		select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities		$enter a dollar amount
(b)		During the year, treasury stock costing $28,000 was purchased.		select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities		$enter a dollar amount
(c)		Plant assets that had cost $21,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $4,600.
		Sale proceeds		select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities		$enter a dollar amount
		Loss on sale of plant assets		select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities		$enter a dollar amount
(d)		The company sustained a net loss for the year of $55,000. Depreciation amounted to $35,000, and a gain of $19,000 was realized on the sale of land for $41,000 cash.
		Net Loss		select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities		$enter a dollar amount
		Depreciation		select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities		$enter a dollar amount
		Gain on Sale of Land		select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities		$enter a dollar amount
		Proceeds from the Sale of Land During the year, 9,000 shares of common stock with a stated value of $10 a share were issued for $83 a share.select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities$enter a dollar amount (f)The company exchanged common stock for a 70% interest in Tabasco Co. worth $932,000.select a section of the cash flow statement Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivityNot ShownOperating Activities$enter a dollar amount