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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,
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, $10 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 550,000 Jan. Apr. June 1 2 30 Balance, 55,000 shares 13,750 shares issued for cash 2,000-share stock dividend 137,500 20,000 687,500 707,500 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Item Debit Credit Debit Credit Balance Date Jan. 1 Apr. 2 June 30 13,750 shares issued for cash Stock dividend 288,750 15,000 165,000 453,750 468,750 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 1 Balance June 30 Stock dividend 35,000 52,600 457,000 422,000 369,400 698,400 Cash dividend Net income 329,000 If an amount is not reported on the statement of cash flows, enter in "O" in the Amount column. Item Section of Statement of Cash Flows Added or Deducted Amount Sale of common stock Financing activities section Added Cash dividend Financing activities section Deducted . Stock dividend Not reported on statement of cash flows Not applicable $
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