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

2016

Jan.

1

Balance, 35,000 shares

525,000

Mar.

7

8,750 shares issued for cash

131,250

656,250

June

30

1,000-share stock dividend

15,000

671,250

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

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

2016

Jan.

1

Balance

70,000

Mar.

7

8,750 shares issued for cash

227,500

297,500

June

30

Stock dividend

11,300

308,800

ACCOUNT Retained Earnings									ACCOUNT NO.
									Balance
Date			Item		Debit		Credit		Debit		Credit
2016
Jan.	1			Balance							436,000
June	30			Stock dividend	26,300						409,700
Dec.	30			Cash dividend	50,100						359,600
Dec.	31			Net income			313,900				673,500

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	____________________________	_______________	$_______