Reporting Stockholders' Equity Items on 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, $15 par

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

Jan.

1

Balance, 50,000 shares

750,000

Apr.

2

12,500 shares issued for cash

187,500

937,500

June

30

2,000-share stock dividend

30,000

967,500

ACCOUNT Paid-In Capital in Excess of Par-Common Stock

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

Jan.

1

Balance

100,000

Apr.

2

12,500 shares issued for cash

312,500

412,500

June

30

Stock dividend

22,500

435,000

ACCOUNT Retained Earnings

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

Jan.

1

Balance

623,000

June

30

Stock dividend

52,500

570,500

Dec.

30

Cash dividend

71,600

498,900

Dec.

31

Net income

448,600

947,500

If an amount is not reported on the statement of cash flows, leave the amount box blank.

Item	Section of Statement of Cash Flows	Added or Deducted	Amount
Sale of common stock	Investing activities sectionFinancing activities sectionNot reported on statement of cash flowsOperating activities sectionFinancing activities section	AddedDeductedNot applicableAdded	$fill in the blank 3
Cash dividend	Investing activities sectionFinancing activities sectionNot reported on statement of cash flowsOperating activities sectionFinancing activities section	AddedDeductedNot applicableDeducted	$fill in the blank 6
Stock dividend	Investing activities sectionFinancing activities sectionNot reported on statement of cash flowsOperating activities sectionNot reported on statement of cash flows	AddedDeductedNot applicableNot applicable	$fill in the blank 9