Following are selected balance sheet accounts of Del Conte Corporation at December $31,2024$ and $2023,$ and the Increases or

decreases in each account from $2023$ to $2024.$ Also presented is selected Income statement information for the year ended

December $31,2024,$ and additional Information.

Additional Information:

a$.$ Accounts recelvable relate to sales of merchandise.

b$.$ During $2024,$ equipment costing $$60,000$ was sold for cash.

c$.$ During $2024,$ bonds payable with a face value of $$40,000$ were Issued in exchange for property, plant, and equipment. There

was no amortization of bond discount or premlum.

Required:

Items $1$ through $5$ represent activities that will be reported in Del Conte's statement of cash flows for the year ended December $31,$

The following two responses are required for each Item:

a$.$ Determine the amount that should be reported in Del Conte's $2024$ statement of cash flows.

b$.$ Select the category $($I$.$e$.,$ Operating activity, Investing activity and Financing activity$)$ in which the amount should be reported in

the statement of cash flows.

Answer is complete but not entirely correct.