Companies can use a spreadsheet to complete the statement of cash flows. Each item that follows is recorded in the transaction analysis columns of the spreadsheet.
a. Net income
b. Increases in current assets (other than Cash)
c. Decreases in current liabilities
d. Cash payment for acquisition of plant assets
e. Cash receipt from issuance of common stock
f. Depreciation expense
Identify each as being recorded by a Debit or Credit in the statement of cash flows section of the spreadsheet.