Short Answer - Part 1 (10 Points): For questions 1-5 please use the following information about the cash flows of the company. For each question make sure you say whether there will be in increase or decrease and the appropriate section of the statement of cash flows : The following information has been taken from the consolidation worksheet of Graham Company and its 80% owned subsidiary, Stage Company. The consolidated company uses the indirect method when preparing the cash flow from operating activities section 1) Graham reports a loss on sale of land (to an outside party ) of $5,000 . The land cost Graham $20,000 . 2) Noncontrolling interest in Stage's net income was $30,000 . 3) Graham paid dividends of $15,000 Stage paid dividends of $10,000 5) Excess acquisition -date fair value over book value amortization was $6,000 6) Consolidated accounts receivable decreased by $8,000 7) Consolidated accounts payable decreased by $7,000 1. How is the loss on sale of land reported on the consolidated statement of cash flows ? 2. How is the sale of land reported on the consolidated statement of cash flows ? 3. How will dividends be reported in consolidated statement of cash flows ? 4. How will the decrease in accounts receivable appear in a consolidated statement of cash flows ? 5. How will the decrease in accounts payable appear in a consolidated statement of cash flows