Working backward from the statement of cash flows. Exhibit 15.7 presents a statement of cash flows from Ingers Company for 2008.

Give the entry made on the T-account work sheet for each of the numbered line items. For example, the work sheet entry for line (I) is as follows amounts inmillions:

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Ingers Company Statement of Cash Flows EXHIBIT 15.7 2008 (all dollar amounts in millions) (Problem 6) OPERATIONS (1) Net Income Adjustments for Noncash Transactions: (2) Depreciation ...... (3) Gain on Sale of Property, Plant, and Equipment (4) Equity in Earnings of Affiliates (5) Deferred Income Taxes .... $ 270.3 179.4 (3.6) (41.5) ... 15.1 (6) (Increase) Decrease in Accounts Receivable (7) (Increase) Decrease in Inventories ... (8) (Increase) Decrease in Other Current Assets (9) Increase (Decrease) in Accounts Payable (10) Increase (Decrease) in Other Current Liabilities Cash Flow from Operations.. 50.9 (15.2) (33.1) (37.9) 19.2 $ 403.6 S(211.7) (11) Capital Expenditures (12) Proceeds from Sale of Property, Plant, and Equipment (13) (Increase) Decrease in Marketable Securities (14) Advances from Equity Companies .... 26.5 (4.6) 18.4 S(171.4) Cash Flow from Investing FINANCING $ (81.5) (15) Decrease in Short-Term Borrowing (16) Issue of Long-Term Debt (17) Payment of Long-Term Debt (18) Proceeds from Exercise of Stock Options (19) Proceeds from Sale of Treasury Stock (20) Dividends Paid Cash Flow from Financing Change in Cash Cash, Beginning of Year 147.6 (129.7) 47.9 59.3 $ (78.5) $ (34.9) 197.3 48.3 Cash, End of Year $ 245.6 SUPPLEMENTARY INFORMATION (21) New Capital Leases Signed (22) Conversion of Preferred Stock into Common Stock (23) Issue of Common Stock to Acquire Investments in Securities $ 147.9 62.0 94.3 ....