Mackey Limited reported the following selected balances: Account Title 20X4 20X3 Machinery $ 393,000 $ 239,400 Accumulated depreciation, machinery* (148,600 ) (85,800 ) Bonds payable* (207,600 ) (138,900 ) Common shares* (539,800 ) (347,400 ) Preferred shares* (34,700 ) (208,500 ) Retained earnings* (324,400 ) (248,100 ) *Brackets denote a credit balance. Other information: There was a stock dividend of $34,700 on common shares and a cash dividend of $48,600. Of the preferred shares, $69,500 were retired for cash, and $104,300 were converted into bonds payable. Some common shares were issued for cash during the period. Machinery with a net book value of $39,000 and an original cost of $67,600 was sold during the year at a loss of $1,500. Other machinery was purchased for cash. Any unexplained change in the accounts should be assumed to be because of logical transactions. Required: Prepare a partial statement of cash flows using indirect method. (Deductible amounts and Cash outflows should be indicated with minus sign.)

Select the transactions that are not included in the SCF. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Depreciation expense unanswered Stock dividends unanswered Preferred shares converted to bonds payable unanswered Preferred shares retired unanswered Cash dividend paid