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. 2018 Increase (Decrease) 2017 56,000 299,000 (200,000) $ 35,000 258,000 (178,000) $ 21,000 41,000 22,000 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 82,000 13,500 44,000 14,500 126,000 68,000 9,400 30,000 7,400 102,000 14,000 4,100 14,000 7,100 24,000 Selected Income Statement Information for the Year Ended December 31, 2018 Sales revenue $ 177,000 Depreciation 55,000 Gain on sale of equipment 18,500 Net income 50,000 Additional information: a. Accounts receivable relate to sales of merchandise. b. During 2018, equipment costing $62,000 was sold for cash. c. During 2018, bonds payable with a face value of $42,000 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 (i.e., O - Operating activity, 1 - 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. Cash dividends paid. 5. Redemption of bonds payable. 4