The following items may or may not appear on the statement of cash flows:
a. Net income
b. Cash paid for equipment
c. Cash received from customers
d. Increase in accounts receivable
e. Gain on sale of investment
f. Cash received from issuing bonds
g. Decrease in prepaid insurance
h. Cash paid for insurance
i. Convert bonds into common stock
j. Dividends paid
k. Depreciation expense
l. Cash paid for salaries
Required
Identify whether each item
(1) Would not appear on the statement of cash flows
(2) Would appear on the statement if the direct method is used
(3) Would appear on the statement if the indirect method is used
(4) Would appear on a statement if either the direct or indirect method is used.