1A)

1B)

LI Exercise 16-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $169,000 was sold at a loss of $34,000. b. Pald $115,000 cash for a new truck c. Sold land costing $325,000 for $405,000 cash, ylelding a gain of $80,000 d. Long-term investments in stock were sold for $97.000 cash, ylelding a gain of $14,750, Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from investing activities $ 0 Exercise 16-9 Cash flows from financing activities LO P3 a. Net Income was $468,000 b. Issued common stock for $73,000 cash. c. Pald cash dividend of $14,000 d. Pald S105,000 cash to settle a note payable at its $105,000 maturity value. e. Pald $120,000 cash to acquire its treasury stock. t. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities, (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities $ 0