Rockman Associates has reported the following selected account balances on its most recent balance sheet.

Account and balance

Anticipated future event and cash flow

a. Accounts receivable, $12,000

$12,000 of cash should be received from
customers during the next fiscal year.
This will appear in the operating activities
section.

b. Prepaid insurance, $22,000

c. Merchandise, $50,000

d. Treasury stock, $33,000

e. Accounts payable, $6,500

f. Machinery, $92,000

g. Notes payable, long term, $88,000

h. Unearned revenue, $10,000

i. Taxes payable, $7,800

j. Retained earnings, $56,000

For each item, describe the anticipated future event and cash flow (if any) that is expected to occur and in which section of a future statement of cash flows it will appear. The first item is completed as an example.