Problem $21-13($Algo$)$ Varlous cash flows $[$LO$21-3,21-4,21-5,21-6,21-7,21-8]$

Following are selected balance sheet accounts of Del Conte Corporation at December $31,2024$ and $2023,$ and the increases or

decreases in each account from $2023$ to $2024.$ Also presented is selected income statement information for the year ended

December $31,2024,$ and additional information.

Additional information:

a$.$ Accounts receivable relate to sales of merchandise.

b$.$ During $2024,$ equipment costing $$80,000$ was sold for cash.

c$.$ During $2024,$ bonds payable with a face value of $$60,000$ were issued in exchange for property, plant, and equipment. There was

no amortization of bond discount or premium.

Required:

Items $1$ through $5$ represent activities that will be reported in Del Contels statement of cash flows for the year ended December $31,$

The following two responses are required for each item:

a$.$ Determine the amount that should be reported in Del Conte's $2024$ statement of cash flows.

b$.$ Select the category $($i$.$e$.,$ Operating activity, Investing activity and Financing activity$)$ in which the amount should be reported in the

statement of cash flows.