ent Your answer is partially correct. Try again. CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VE For each transaction above, (b) indicate how it would affect the statement of cash flows using the indirect method. (Do not leave any answer field blank. En Select "Not Reported" if it does not belong to any section.) 1. Cash receipt Reported Investing section Gain on disposal of plant assets Reported Operating section 2. Cash receipt Reported Financing section 3. Depreciation expense Reported Operating section 4. Salaries and wages expense Not reported Not Applicable 5. Common stock for equipment Reported Investing and Financing section 6. Cash receipt Reported Investing section Loss on disposal of plant assets Reported Operating section Click if you would like to Show Work for this question: Open Show Work CALCULATOR ME Exercise 12-03 Cullumber Corporation had the following transactions. 1. 2. 3. Sold land (cost $13,100) for $16,100. Issued common stock at par for $20,000. Recorded depreciation on buildings for $18,100. Paid salaries of $10,100. Issued 1,200 shares of $1 par value common stock for equipment worth $9,600. Sold equipment (cost $12,800, accumulated depreciation $8,960) for $1,536. 4. 5. 6. Your answer is correct. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented w Transaction Account Titles and Explanation Debit Credit 1. Cash 16100 Land 13100 Gain on Disposal of Plant Assets 3000 dash 20000