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Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information. ncrea Selected Balance Sheet Accounts 2018 2017 (Decrease Assets Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders Equity Bonds payable Dividends payable Common stock, $1 par Addtional paid-in capital Retained earnings $ 48,000 s 31,000 254,800 % 17,000 37,800 18,080 291,000 (192,00) (174,00e) 79,000 11,500 36,0e0 12,500 10,000 3,700 10,000 6, 700 20,000 60,000 7,800 26,000 5,800 118,00998,000 Selected Income Statement Information for the Year Ended December 31, 2018 Sales revenuee Depreciation Gain on sale of equipment Net income s 169,008 47,000 16,500 42,000 Additional information a. Accounts recelvable relate to sales of merchandise. b. During 2018, equipment costing $54,000 was sold for cash. c During 2018, bonds payable with a face value of $34,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. Required: Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31, 2018. The following two responses are required for each item: a. Determine the amount that should be reported in Del Conte's 2018 statement of cash flows b. Select the category (1.e., O-Operating activity. I -Investing activity and F-Financing activity) in which the amount should be reported in the statement of cash flows. Amount Cash collections from customers (direct method) 2 Payments for purchase of property, plant, and equipment 3 Proceeds from sale of equipment 4 Cash dividends paid 5 Redemption of bonds payable

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