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Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2021 and 2020, and the increases or decreases in each account from

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Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2021 and 2020, and the increases or decreases in each account from 2020 to 2021. Also presented is selected Income statement Information for the year ended December 31, 2021, and additional Information. Increase (Decrease) $ 19,000 39,000 20,000 Selected Balance Sheet Accounts 2021 2020 Assets Accounts receivable $ 52,000 $ 33,000 Property, plant, and equipment 295,000 256,000 Accumulated depreciation (196,000) (176,000) Liabilities and Stockholders' Equity Bonds payable 76,000 64,000 Dividends payable 12,500 8,600 Common stock, $1 par 40,000 28,000 Additional paid-in capital 13,500 6,600 Retained earnings 122,000 100,000 Selected Income Statement Information for the Year Ended December 31, 2021 Sales revenue $ 173,000 Depreciation 51,000 Gain on sale of equipment 17,500 Net income 46,000 12,000 3,900 12,000 6,900 22,000 Additional Information: a. Accounts receivable relate to sales of merchandise. b. During 2021, equipment costing $58,000 was sold for cash. c. During 2021, bonds payable with a face value of $38,000 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, 2021. The following two responses are required for each item: a. Determine the amount that should be reported in Del Conte's 2021 statement of cash flows. b. Select the category (l.e., O - Operating activity, I - Investing activity and F - Financing activity) in which the amount should be reported in the statement of cash flows. Answer is not complete. Amount $ 154,000 Category 0 1. 2. 2 3. Cash collections from customers (direct method). Payments for purchase of property, plant, and equipment Proceeds from sale of equipment Cash dividends paid. Redemption of bonds payable. 1 4. F LLL 5 5. F

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