TRADITIONAL HOMEWORK ITEMS - FALL 2023 - ACT 3391 General Instructions for the Traditional Homework - refer to the instructions for traditional item no. 1. 15. (2 points) The following items may be reflected in a company's statement of cash flows. For each item, indicate which, if any, of the 3 sections of the statement of cash flows the item would be reflected in. Assume the statement is prepared using the indirect method. 1. Selling a fixed asset for more than book value. 2. Borrowing money. 3. Using cash to pay a dividend to stockholders. 16. (10 points) Diane's balance sheets as of December 31, 2016 and 2017 are presented below: SELECTED OTHER INFORMATION: 1. During 2017, Diane reported net income of $150,000. 2. During 2017, Diane both borrowed on a long-term basis and paid back some long-term debt. During 2017, Diane borrowed $60,000. 3. During 2017. Diane both bought and sold some property, plant, and equipment (PP\&E). A machine Diane sold during 2017 originally cost her $25,000. Diane sold the PP\&E for $10,000. At the time of the sale, the PP\&E had accumulated depreciation of $18,000. 4. During 2017, Diane issued additional common stock. 5. During 2017, Diane declared four quarterly dividends. 2017 was the first year in which Diane declared dividends. 6. During 2017, Diane did NOT enter into any non-cash investing or financing activities