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. Date Item Debit Credit Jan. 1 Balance, 35,000 shares 8,750 shares issued for cash Balance Debit Credit 525,000 656,250 671,250 131,250 Apr. 2 June 30 1,000-share stock dividend 15,000 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO. . Balance Debit Credit 105,000 Date Item Debit Credit Jan. 1 Apr. 2 Balance 8,750 shares issued for cash Stock dividend 245,000 350,000 June 30 11,300 361,300 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 436,000 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 436,000 June 30 Stock dividend 409,700 26,300 50,100 Dec. 30 Cash dividend 359,600 Dec. 31 Net income 313,900 673,500 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 $ Cash dividend $ Stock dividend