1. Prepare the net cash from investing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outflows. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.)

During 20X1, Craig Company had the following transactions:

A.	Purchased $200,100 of 10-year bonds issued by Makenzie Inc.
B.	Acquired land valued at $70,500 in exchange for machinery.
C.	Sold equipment with original cost of $540,400 for $329,800; accumulated depreciation taken on the equipment to the point of sale was $180,600.
D.	Purchased new machinery for $120,000.
E.	Purchased common stock in Lemmons Company for $54,500.

Refer to the list below for the exact wording of an amount description or label within your Statement of Cash Flows.

Amount Descriptions	Labels
Land in exchange for machinery	Cash flows from financing activities
Net cash from investing activities	Cash flows from investing activities
Purchase of bonds	Noncash investing activity
Purchase of common stock
Purchase of new machinery
Sale of equipment

2. Usually, the net cash from investing activities is negative. How Craig cover this negative cash flow? What other information would you like to have to make this decision? Complete the items below that outline a response to the questions posed above.

The negative cash flow from investing activities can be covered by using cash from .

Some of the activities listed below would provide cash for investment. Check all that apply.

--taking out mortgages

--issuing common stock

--repurchasing common stock

--splitting common stock