Cash Flow from Investing Activities

During $20$X$1,$ Craig Company had the following transactions:

Purchased $$200,200$ of $10-$year bonds issued by Makenzie Inc.

Acquired land valued at $$70,200$ in exchange for machinery.

Sold equipment with original cost of $$540,000$ for $$329,100$; accumulated depreciation taken on the equipment to the point of sale was $$179,300.$

Purchased new machinery for $$119,300.$

Purchased common stock in Lemmons Company for $$54,000.$

Required:

Question Content Area

$1.$ 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.$)$

Craig Company

Statement of Cash Flows $($Partial$)$

Year Ending December $31,20$X$1$

Cash flows from investing activities:

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

Noncash investing activity:

$$-$ Select $-$

Question Content Area

$2.$ Usually, the net cash from investing activities is negative. How can 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. Select "Yes" or $"$No$"$ for cash for investment activities.

Issuing bonds

Splitting common stock

Issuing common stock

Repurchasing common stock

Taking out mortgages

Declaring a dividend