(indirect method) for Granderson Inc. for the year ended December 31, 2012. E-1. Each of the following items must be considered in preparing a statement of cash flows basis over 10 years with no estimated scrap value were sold at the beginning of the year for (a) Plant assets that had cost $25,000 6 years before and were being depreciated on a straight-line issued for $33 a share. (b) During the year, 10,000 shares of common stock with a stated value of $10 a share were accounts receivable in the amount of $27,000 were written off against Allowance for Doubtful Accounts. (d) The company sustained a net loss for the year of $50,000. Depreciation amounted to $22,000, and a gain of $9,000 was realized on the sale of land for $39,000 cash. (2) A 3-month U.S. Treasury bill was purchased for $100,000. The company uses a cash and Erer $5,300. (C) Uncollectible cash- equivalent basis for its cash flow statement. (1) Patent amortization for the year was $20,000. (9) The company exchanged common stock for a 70% interest in Plumlee Co. for $900,000. (h) During the year, treasury stock costing $47,000 was purchased. Instructions State where each item is to be shown in the statement of cash flows, if at all. information taken from the Hyde Company's records for 20