Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information Increase (Decrease) 2018 2017 5 68,000 311.000 (212,000) $ 41,600 264,000 (184,000) $ 27,000 47,00 28.000 Selected Balance Sheet Accounts Assets Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Bonds payable Dividends payable Common stock, $1 par Additional paid in capital Retained earnings 180,000 16,5e 56,000 17,5ee 138.000 80,000 11, see 36.000 9.800 108,000 20.000 4,700 20.ee 7.700 30,000 Selected Income Statement Information for the Year Ended December 31, 2018 Sales revenue $ 189,000 Depreciation 67, see Gain on sale of equipment 21,500 Net income 62,800 Additional information: a. Accounts receivable relate to sales of merchandise b. During 2018, equipment costing $74,000 was sold for cash c. During 2018, bonds payable with a face value of $54 000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium Required: Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31, 2018. The following two responses are required for each item: a. Determine the amount that should be reported in Del Conte's 2018 statement of cash flows b. Select the category (le, Operating activity. I - Investing activity and F - Financing activity in which the amount should be reported in the statement of cash flows. Amount Category 1 Cash collections from customers (direct method) plant and equipment 2e, ce 7,700 30,000 Common stock, $1 par 56, eee 36,000 Additional paid-in capital 17,500 Retained earnings 138,eee 108,000 Selected Income Statement Information for the Year Ended December 31, 2018 Sales revenue $ 189,000 Depreciation 67,000 Gain on sale of equipment 21,500 Net income 62,000 Additional information: a. Accounts receivable relate to sales of merchandise. b. During 2018. equipment costing $74,000 was sold for cash. c. During 2018, bonds payable with a face value of $54,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium Required: Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31 2018. The following two responses are required for each item a. Determine the amount that should be reported in Del Conte's 2018 statement of cash flows. b. Select the category (e. O - Operating activity. I - Investing activity and F - Financing activity) in which the amount should be reported in the statement of cash flows Amount Category 1. Cash collections from customers (direct method) 2 Payments for purchase of property, plant, and equipment 3 Proceeds from sale of equipment 4. Cash dividends paid. 5. Redemption of bonds payable