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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

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.

Selected Balance Sheet Accounts 2024 2023 Increase (Decrease)
Assets
Accounts receivable $ 66,000 $ 40,000 $ 26,000
Property, plant, and equipment 309,000 263,000 46,000
Accumulated depreciation (210,000) (183,000) 27,000
Liabilities and Stockholders Equity
Bonds payable 97,000 78,000 19,000
Dividends payable 16,000 11,400 4,600
Common stock, $1 par 54,000 35,000 19,000
Additional paid-in capital 17,000 9,400 7,600
Retained earnings 136,000 107,000 29,000
Selected Income Statement Information for the Year Ended December 31, 2024
Sales revenue $ 187,000
Depreciation 65,000
Gain on sale of equipment 21,000
Net income 60,000

Additional information:

Accounts receivable relate to sales of merchandise.

During 2024, equipment costing $72,000 was sold for cash.

During 2024, bonds payable with a face value of $52,000 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, 2024. The following two responses are required for each item:

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

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.

1) Cash collections from customers

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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