The transactions below took place during the year 2017.

1. Convertible bonds payable with a par value of $305,400 were exchanged for unissued common stock with a par value of $305,400. The market price of both types of securities was par.

2. The net income for the year was $413,900.

3. Depreciation expense for the building was $90,700.

4. Some old office equipment was traded in on the purchase of some dissimilar office equipment, and the following entry was made.

Equiptment	49,200
Accum. Depreciation-Equipment	29,800
Equipment		39,300
Cash		33,600
Gain on Disposal of Plant Assets		6,100

The Gain on Disposal of Plant Assets was included in income before income taxes.

5.Dividends in the amount of $125,100 were declared. They are payable in January of next year.

Show by journal entries the adjustments that would be made on a worksheet for a statement of cash flows. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

No	Account Titles and Explanation	Debit	Credit
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