Following are selected balance sheet accounts of Del Conte Corporation at December 31, 2024 and 2023, and the increases ordecreases in each account from 2023 to 2024. Also presented is selected income statement information for the year endedDecember 31, 2024, and additional information.Selected Balance Sheet AccountsAssetsAccounts receivableProperty, plant, and equipmentAccumulated depreciationLiabilities and Stockholders' EquityBonds payableDividends payableCommon stock, $1 parAdditional paid-in capitalRetained earnings2024$ 42,000285,000(186,000)Selected Income Statement Information for the Year Ended December 31, 2024Sales revenue1. Cash collections from customers (direct method).2. Payments for purchase of property, plant, and equipment.61,00010,00030,0003. Proceeds from sale of equipment.4. Cash dividends paid.5. Redemption of bonds payable.11,000112,000$ 163,00041,00015,00036,000Amount2023$ 28,000251,000(171,000)54,0006,60023,0004,60095,000DepreciationGain on sale of equipmentNet incomeAdditional information:a. Accounts receivable relate to sales of merchandise.b. During 2024, equipment costing $48,000 was sold for cash.c. During 2024, bonds payable with a face value of $28,000 were issued in exchange for property, plant, and equipment. Therewas no amortization of bond discount or premium.Increase(Decrease)Required:Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31,2024. The following two responses are required for each item:$ 14,00034,00015,000a. 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 inthe statement of cash flows.7,0003,4007,0006,40017,000CategoryOperating activityInvesting activityInvesting activityFinancing activityFinancing activity

The cash flow statement is prepared to record the cash flow from various activities during the…

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. Selected Balance Sheet Accounts Assets Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings Depreciation Gain on sale of equipment Net income Selected Income Statement Information for the Year Ended December 31, 2024 Sales revenue 2024 $ 42,000 285,000 (186,000) 1. Cash collections from customers (direct method). 2. Payments for purchase of property, plant, and equipment. 61,000 10,000 30,000 11,000 112,000 3. Proceeds from sale of equipment. 4. Cash dividends paid. 5. Redemption of bonds payable. $ 163,000 41,000 15,000 36,000 Amount 2023 $ 28,000 251,000 (171,000) 54,000 6,600 23,000 4,600 95,000 Additional information: a. Accounts receivable relate to sales of merchandise. b. During 2024, equipment costing $48,000 was sold for cash. c. During 2024, bonds payable with a face value of $28,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. Increase (Decrease) Required: Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the year ended December 31, 2024. The following two responses are required for each item: $ 14,000 34,000 15,000 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. 7,000 3,400 7,000 6,400 17,000 Category Operating activity Investing activity Investing activity Financing activity Financing activity