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On the basis of the following stockholders equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows.

On the basis of the following stockholders’ equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.

ACCOUNT Common Stock, $40 parACCOUNT NO.




Balance
DateItemDebitCreditDebitCredit
Jan.1

Balance, 120,000 shares



4,800,000
Apr.2

30,000 shares issued for cash

1,200,000


6,000,000
June30

5% stock dividend
300,000


6,300,000


ACCOUNT Paid-In Capital in Excess of Par-Common StockACCOUNT NO.




Balance
DateItemDebitCreditDebitCredit
Jan.1

Balance



360,000
Apr.2

30,000 shares issued for cash

720,000


1,080,000
June30

Stock dividend
150,000


1,230,000


ACCOUNT Retained EarningsACCOUNT NO.




Balance
DateItemDebitCreditDebitCredit
Jan.1

Balance



2,000,000
June30

Stock dividend450,000




1,550,000
Dec.30

Cash dividend315,000




1,235,000

31

Net income
1,000,000


2,235,000

If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.

ItemSection of Statement of Cash FlowsAdded or DeductedAmount
Sale of common stock

$
Cash dividend

$
Stock dividend

$

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