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Carla Vista Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30,2024 : begin{tabular}{lrc} & 2024 & 20
Carla Vista Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30,2024 : \begin{tabular}{lrc} & 2024 & 20 \\ \hline Land & $360,000 \\ \hline Building & 420,000 \\ \hline Equipment & 166,800 \\ \hline Accumulated depreciation & 78,000 \\ \hline Dividends payable & 12,000 \\ \hline Mortgage note payable & 132,000 \\ \hline Common shares & 282,000 \\ \hline Retained earnings & 264,000 \\ \hline Depreciation expense & 18,000 \\ \hline Gain on equipment sold & 2,400 \\ \hline Profit for the year & 252,000 \end{tabular} Additional information: 1. Equipment was purchased for $24,000. 2. Land was purchased for $42,000 cash and a mortgage note payable was issued for the balance. 3. Common shares were issued for $102,000 cash. Prepare the investing and financing activities sections of the cash flow statement and any required note disclosure. (Hint: Use T accounts to help you calculate the cash flows.) (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. Enter 0 for amounts.) 28.8710 Carla Vista Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30,2024 : \begin{tabular}{lrc} & 2024 & 20 \\ \hline Land & $360,000 \\ \hline Building & 420,000 \\ \hline Equipment & 166,800 \\ \hline Accumulated depreciation & 78,000 \\ \hline Dividends payable & 12,000 \\ \hline Mortgage note payable & 132,000 \\ \hline Common shares & 282,000 \\ \hline Retained earnings & 264,000 \\ \hline Depreciation expense & 18,000 \\ \hline Gain on equipment sold & 2,400 \\ \hline Profit for the year & 252,000 \end{tabular} Additional information: 1. Equipment was purchased for $24,000. 2. Land was purchased for $42,000 cash and a mortgage note payable was issued for the balance. 3. Common shares were issued for $102,000 cash. Prepare the investing and financing activities sections of the cash flow statement and any required note disclosure. (Hint: Use T accounts to help you calculate the cash flows.) (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. Enter 0 for amounts.) 28.8710
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