Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 2,000 shares of $20 par value common stock for $48,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,500. The stock has a $2 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,500. The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $35,000 cash. Answer is not complete. No Transaction General Journal Credit Debit 48,000 Cash Common stock, $20 par value 40,000 22,500 Organization expenses Common stock, $2 stated value Paid-in capital in excess of par value. Common stock 1,000 X Organization expenses Common stock, $20 par value Cash Common stock, $20 par value Paid-in capital in excess of par value. Common stock Hampton Company reports the following information for its recent calendar year. $71,000 Income Statement Data Sales Expenses Cost of goods sold Salaries expense Depreciation expense Net income Selected Year-End Balance Sheet Data Accounts receivable increase $6,000 Inventory decrease 4,000 Salaries payable increase 700 37,000 9,000 5,000 $20,000 Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. > > Cash flows from operating activities Net income Depreciation expense Accounts receivable increase Inventory decrease Salaries payable increase > > Net cash provided by operating activities $ 0