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Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2016 and 2015, and the increases or decreases in each account from

Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2016 and 2015, and the increases or decreases in each account from 2015 to 2016. Also presented is selected income statement information for the year ended December 31, 2016, and additional information.

Selected Balance Sheet Accounts 2016 2015 Increase (Decrease)
Assets
Accounts receivable $ 58,000 $ 36,000 $ 22,000
Property, plant, and equipment 301,000 259,000 42,000
Accumulated depreciation (202,000) (179,000) 23,000
Liabilities and Stockholders Equity
Bonds payable 85,000 70,000 15,000
Dividends payable 14,000 9,800 4,200
Common stock, $1 par 46,000 31,000 15,000
Additional paid-in capital 15,000 7,800 7,200
Retained earnings 128,000 103,000 25,000
Selected Income Statement Information for the Year Ended December 31, 2016
Sales revenue $ 179,000
Depreciation 57,000
Gain on sale of equipment 19,000
Net income 52,000

Additional information:
a. Accounts receivable relate to sales of merchandise.
b. During 2016, equipment costing $64,000 was sold for cash.
c.

During 2016, bonds payable with a face value of $44,000 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, 2016. The following two responses are required for each item:

Determine the amount that should be reported in Del Conte's 2016 statement of cash flows.

Select the category (i.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.

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