1.

Selected balances for Tyner Company are as follows:

2017; 2016 Equipment 100,000; 40,000 Accumulated Depreciation (30,000); (10,000)

A. Tyner sold equipment that originally cost $50,000 at a gain of $4,000 B. Depreciaton expense for the year was $60,000 C. Tyner had an equipment purchase for cash during the year

Prepare the investing section of hte cash flow statement for Tyner.

2.

Selected balances for Cole Company are as follows:

2017; 2016 Long-Term Notes Payable 100,000; 150,000 Common Stock 150,000; 100,000 Paid in Capital 200,000; 100,000 Retained Earnings 100,000; 50,000

A. No new notes were borrowed during the year B. Common stock was issued for cash C. Net income for the year was $75,000

Prepare the financing section of the cash flow statement for Cole.