2&3

2. Using the following facts, calculate Amgan Company's cash flows from investing activities: Purchased a new harvester for $85000 cash. A rice dryer with a book value of $72,500 and an original cost of $158,000 was sold at a loss of $22,000. Rice farming property was sold for $410000. It's original cost was $385,000 so the gain on sale was $25,000. Long term investments in another company's stock were sold for $94,700 cash, giving a gain of $5750. 3. Determine Super Tech Company's cash flows from financing activities with the following information: Net income was $53,000 Issued common stock for $75,000 cash. Paid cash dividend of $13,000. Paid $90,000 cash to pay off a mortgage payable. Paid $18,000 cash to repurchase treasury stock. Purchased equipment for $67,000 cash