Furst Corporation had the following transactions. a. Paid salaries of $14,000. b. Issued 1,000 shares of $1 par value common stock for equipment worth $16,000. c. Sold equipment (cost $10,000, accumulated depreciation $6,000) for $3,000. d. Sold land (cost $12,000) for $16,000. e. Issued another 1,000 shares of $1 per value common stock for $18,000. f. Recorded depreciation of $20,000. Instructions: For each transaction above, (i) prepare the journal entry, and (ii) indicate how it would affect the statement of cash flows. Assume the indirect method