Following are selected statement of financial position accounts of Sander Bros. Corp. at December 31, 2015 and 2014, and the increases or decreases in each account from 2014 to 2015. Also presented is selected income statement information for the year ended December 31, 2015, and additional information. Increase Selected statement of financial position accounts 2015 2014 (Decrease) Assets Property, plant, and equipment $ 277,000 $247,000 $ 30,000 Accumulated depreciation (178,000) (167,000) (11,000) Accounts receivable 34,000 24,000 10,000 Equity and liabilities Share capital - ordinary, $1 par $ 22,000 $ 19,000 $ 3,000 Share premium-ordinary 9,000 3,000 6,000 Retained earnings 104,000 91,000 13,000 Bonds payable 49,000 46,000 3,000 Dividends payable 8,000 5,000 3,000 www.downloadslide.com 1230 Chapter 23 Statement of Cash Flows Selected income statement information for the year ended December 31, 2015 Sales revenue $ 155,000 Depreciation 38,000 Gain on sale of equipment 14,500 Net income 31,000 Additional information: 1. During 2015, equipment costing $45,000 was sold for cash. 2. Accounts receivable relate to sales of merchandise. 3. During 2015, $25,000 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. Instructions Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. (a) Payments for purchase of property, plant, and equipment. (b) Proceeds from the sale of equipment. (c) Cash dividends paid. (d) Redemption of bonds payable.

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