1378 Chapter 23 Statement of Cash Flows Instructions Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. (a) Payments for purchase of property, plant, and equipment (b) Proceeds from the sale of equipment (c) Cash dividends paid. (d) Redemption of bonds payable E23-11 (L02) (SCH-Indirect Method Condensed financial data of Pat Metheny Company for 2017 and 2016 are presented below PAT METHENY COMPANY COMPARATIVE BALANCE SHTET As or DECEMBER 31, 2017 AND 2016 5150 51.800 Accumulated depreciation Larmes blo-maily $7,150 51.200 550 Accounts payable Accrued liabilities Bonds payah Common stock Retained wings $7.150 TAT METHENY COMPANY FOR THE YEAR ENDED DECEMBER 31, 2017 2200 1270 Cost of goods sold Gross margin Selling and administrithe expense Income from operations Other events and gains of Westments Income tax Income tax expense Cash dividende Income nained in business Additional information: During the year, 5% of common work was found in exchange for plantes. No plants were sold in 2017 Instructions Prepare a statement of cash flows using the indirect method. 23-12 (L02) (SCH-Direct Method) Data for Pat Metheny Company are presented in E23-11 Instructions I'rpare a statement of cash flows using the direct method. Do not prepare a reconciliation schedule.) 23-12 (L02,31 SCF-Direct MethodBrecker Inc., a greeting card company, had the following statements prepared as of December 11, 2013