ABC Company has just completed the December 31,2001,financial statements except for the Statement of Cash Flows.Information on changes in accounts appears in tabular format below.Additional information for 2001:
a.Net income,$16,000.
b.Depreciation expense,$5,000.
c.Cash dividend declared and paid,$4,000.
d.Declared and issued a $10,000 stock dividend,recorded at par.
e.December 30,2001,purchased a machine (a capital asset) for $10,000; paid half cash and issued a one year,18%,interest-bearing note of $5,000 for the balance.
f.Sold 20 shares of unissued shares at $26 per share,collected cash in full.
g.Repurchased 10 shares of their ABC shares at $25 per share (assume the single-transaction method is used for common stock),paid cash in full.
h.Purchased a tract of land and paid for it in full by exchanging for it all of the investment in X Corporation shares.The shares were quoted on the market at $12,000 (any gain or loss is included in income as an "ordinary" item).
i.Sold an idle plant for $6,000 cash.
j.Extraordinary gain of $2,000 (net of income tax) due to an earthquake (infrequent and unusual),which caused the loss of capital assets that originally cost $12,000 when they were two-thirds,depreciated; received $6,000 cash settlement from the insurance company. 
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