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, $40 par

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

Jan.

1

Balance, 120,000 shares

4,800,000

Apr.

2

30,000 shares issued for cash

1,200,000

6,000,000

June

30

5% stock dividend

300,000

6,300,000

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

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

Jan.

1

Balance

360,000

Apr.

2

30,000 shares issued for cash

720,000

1,080,000

June

30

Stock dividend

150,000

1,230,000

ACCOUNT Retained Earnings									ACCOUNT NO.
									Balance
Date			Item		Debit		Credit		Debit		Credit
Jan.	1			Balance							2,000,000
June	30			Stock dividend	450,000						1,550,000
Dec.	30			Cash dividend	315,000						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.

Item	Section of Statement of Cash Flows	Added or Deducted	Amount
Sale of common stock			$
Cash dividend			$
Stock dividend			$