During 20x7, Howard Company purchased land for $375,000. It paid

$125,000 in cash and signed a $250,000 mortgage for the rest. The company also sold a building that originally cost $90,000, on which it had

$70,000 of accumulated depreciation, for $95,000 cash, making a gain of

$75,000. Prepare the cash flows from investing activities section and the schedule of noncash investing and financing transactions of the statement of cash flows.

Cash Flows from Financing Activities