Exercise 23-10 Your answer is partially correct. Try again. Following are selected balance sheet accounts of Indigo Bros. Corp. at December 31, 2017 and 2016, and the increases or decreases in each account from 2016 to 2017. Also presented is selected income statement information for the year ended December 31, 2017, and additional Selected balance sheet accounts Increase (Decrease) Assets Accounts receivable Property, plant, and equipment Accumulated depreciation plant 2017 $33,700 276,400 2016 $24,000 249,500 9.700 26,900 (11,100) assets (178,400) (167,300) 2016 Liabilities and Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings 2017 5 48,800 7,900 22,200 9,100 103,400 $45,800 4,900 19,200 3,000 90,300 Increase $3,000 3,000 3,000 6,100 13,100 Selected income statement information for the year ended December 31, 2017: Sales revenue Depreciation Gain on sale of equipment Net income $154,500 38,100 14,600 30,900 Additional information: 1. During 2017, equipment costing $44,700 was sold for cash 2. Accounts receivable relate to sales of merchandise 3. During 2017, $20,200 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. Activity (a) (b) (c) (d) Payments for purchase of property, plant, and equipment. Investing v Proceeds from the sale of equipment. Investing 5930 Cash dividends paid Financing 490 Redemption of bonds payable Financing