View Policies Show Attempt History Current Attempt in Progress Cushenberry Corporation had the following transactions. 1. Sold land (cost $12,000) for $15,000. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $17,000. 4. Paid salaries of $9.000. 5. 6. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200. For each transaction above, (b) indicate how it would affect the statement of cash flows using the indirect method. (Do not leave any answer field blank. Enter O for amounts. Select "Not Reported" if it is not reported on the statement of cash flows. Select "Not Applicable" if it does not belong to any section.) 1. Cash receipt Gain on disposal of plant assets Reported Investing section Reported Operating section 2. Cash receipt Reported Financing section 3. Depreciation expense Reported Operating section Salaries and wages 4. Not reported Not Applicable expense Common stock for 5. Reported Investing and Financing section equipment 6. Cash receipt Reported 3 Investing section Loss on disposal of plant Reported Operating section assets eTextbook and Media List of Accounts Assistance Used