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

2014

Jan.

1

Balance, 60,000 shares

900,000

Mar.

7

15,000 shares issued for cash

225,000

1,125,000

June

30

2,000-share stock dividend

30,000

1,155,000

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

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

2014

Jan.

1

Balance

240,000

Mar.

7

15,000 shares issued for cash

420,000

660,000

June

30

Stock dividend

22,500

682,500

ACCOUNT Retained Earnings									ACCOUNT NO.
									Balance
Date			Item		Debit		Credit		Debit		Credit
2014
Jan.	1			Balance							747,000
June	30			Stock dividend	52,500						694,500
Dec.	30			Cash dividend	85,900						608,600
Dec.	31			Net income			537,800				1,146,400

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
1 Sale of common stock	SelectInvesting activities section Financing activities section Not reported on statement of cash flows Operating activities section	SelectAddedDeductedNot applicable	$
2 Cash dividend	SelectInvesting activities section Financing activities section Not reported on statement of cash flows Operating activities section	SelectAddedDeductedNot applicable	$
3 Stock dividend	SelectInvesting activities section Financing activities section Not reported on statement of cash flows Operating activities section	SelectAddedDeductedNot applicable	$