Indicate in general journal form how the following items would be entered in a work sheet to prepare the statement of cash flows where payments for dividends are classified as financing activities. Indicate within the journal entries any items that have an impact on “(Operating)”, “(Investing)”, or “(Financing)” activities. 

a. Net income is $207,000. 

b. Cash dividends declared (charged to retained earnings) and paid totalled $60,000. 

c. Equipment was purchased for $114,000. d. Equipment that originally cost $40,000 and had accumulated depreciation of $32,000 was sold for $13,000.