Ch 17 - Cash Flow Investing/Financing 1. Sold plant assets costing $25,000, with accumulated depreciation of $12,000. Income Statement: Gain on sale of plant assets: $7,000 2. Issued preferred stock for cash. 3. Retired the mortgage by issuing common stock 4. Declared and paid cash dividend of ? Net income: 149,000 5. Purchased plant assets by issuing a note payable, $50,000 6. Purchased plant assets for cash of ? 7. Depreciation and amortization expense is part of operating expenses. Ch 17 - Cash Flow Investing/Financing 1. Sold plant assets costing $25,000, with accumulated depreciation of $12,000. Income Statement: Gain on sale of plant assets: $7,000 2. Issued preferred stock for cash. 3. Retired the mortgage by issuing common stock 4. Declared and paid cash dividend of ? Net income: 149,000 5. Purchased plant assets by issuing a note payable, $50,000 6. Purchased plant assets for cash of ? 7. Depreciation and amortization expense is part of operating expenses