Rachael Ray Corporation had the following transactions. 

1. Sold land (cost $12,000) for $15,000

2. Issued common stock for $20,000

3. Recorded depreciation of $17,000

4. Paid salaries of $9,000

5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000

6. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200

Instructions

For each transaction above,

(a) Prepare the journal entry, and 

(b) Indicate how it would affect the statement of cash flows. 

(For multiple debit/credit entries, list amounts from largest to smallest eg: 10, 5, 3, 2.)