Cullumber Inc. is a private company reporting under ASPE. The following selected account balances were reported in Cullumber Inc.s financial statements at year end:

		2021		2020
Cash		$ 18,150		$ 8,100
Buildings		828,000		727,000
Equipment		389,000		338,600
Land		87,000		46,500
Accumulated depreciationbuildings		301,000		284,000
Accumulated depreciationequipment		117,000		87,500
Dividends payable		5,850		2,300
Mortgage payable		541,800		581,800
Notes payable		336,000		305,000
Common shares: 5,320 shares in 2021; 3,920 in 2020		535,000		406,000
Retained earnings		193,000		94,000
Cash dividends declared		21,000		6,800
Depreciation expensebuildings		22,500		39,600
Depreciation expenseequipment		47,105		25,250
Gain on sale of equipment		820		0
Loss on sale of building		7,900		0
Interest expense		47,450		43,350

Additional information:
1.		Purchased $71,000 of equipment for $8,400 cash and a note payable for the remainder.
2.		Equipment was also sold during the year.
3.		Sold a building that originally cost $46,000.
4.		Used cash to purchase land and a building.
5.		Mortgage payments and notes payable payments included interest and principal amounts.
6.		Common shares were issued for cash.

Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use T accounts to 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).)

CULLUMBER INC. Cash Flow Statement (Partial) Month Ended December 31, 2021December 31, 2021Year Ended December 31, 2021
Financing ActivitiesNet Cash Used by Investing ActivitiesOperating ActivitiesCash, January 1Net Cash Used by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Increase in CashNet Cash Provided by Financing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashInvesting ActivitiesCash, December 31Net Cash Used by Operating Activities
Sale of LandPurchase of LandPayment of Cash DividendsRepurchase of Common SharesPurchase of BuildingRepayment of Mortgage NoteSale of BuildingIssuance of Common SharesSale of EquipmentPurchase of Equipment	$
Sale of BuildingPayment of Cash DividendsSale of LandSale of EquipmentPurchase of LandRepayment of Mortgage NotePurchase of BuildingRepurchase of Common SharesPurchase of EquipmentIssuance of Common Shares
Purchase of BuildingIssuance of Common SharesSale of BuildingRepurchase of Common SharesPurchase of LandRepayment of Mortgage NoteSale of EquipmentSale of LandPayment of Cash DividendsPurchase of Equipment
Sale of LandSale of BuildingPurchase of BuildingPurchase of LandRepayment of Mortgage NoteIssuance of Common SharesSale of EquipmentPurchase of EquipmentPayment of Cash DividendsRepurchase of Common Shares
Issuance of Common SharesSale of EquipmentPayment of Cash DividendsPurchase of EquipmentRepayment of Mortgage NoteSale of BuildingPurchase of BuildingPurchase of LandSale of LandRepurchase of Common Shares
Net Decrease in CashNet Cash Provided by Operating ActivitiesNet Increase in CashNet Cash Used by Investing ActivitiesNet Cash Provided by Investing ActivitiesFinancing ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Used by Operating ActivitiesNet Cash Used by Financing ActivitiesOperating ActivitiesInvesting ActivitiesCash, January 1Cash, December 31		$

What was the amount of profit reported by Cullumber Inc. in 2021?

Amount of profit

$

Determine the amount of any cash inflows or outflows related to financing activities in 2021. (Hint: Use T accounts to 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).)

CULLUMBER INC. Cash Flow Statement (Partial) December 31, 2021Month Ended December 31, 2021Year Ended December 31, 2021
Operating ActivitiesNet Cash Used by Investing ActivitiesNet Decrease in CashCash, January 1Net Cash Used by Financing ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Operating ActivitiesCash, December 31Financing ActivitiesInvesting ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Increase in Cash
Purchase of EquipmentIssuance of Common SharesRepayment of NotePurchase of LandSale of BuildingRepurchase of Common SharesSale of EquipmentSale of LandPayment of Cash DividendsPurchase of BuildingRepayment of Mortgage	$
Payment of Cash DividendsRepayment of MortgagePurchase of EquipmentSale of LandSale of BuildingSale of EquipmentRepayment of NotePurchase of LandIssuance of Common SharesPurchase of BuildingRepurchase of Common Shares
Sale of EquipmentSale of LandSale of BuildingPurchase of EquipmentRepayment of NotePayment of Cash DividendsPurchase of BuildingRepayment of MortgageIssuance of Common SharesPurchase of LandRepurchase of Common Shares
Repayment of MortgageIssuance of Common SharesRepurchase of Common SharesPayment of Cash DividendsPurchase of BuildingPurchase of EquipmentRepayment of NotePurchase of LandSale of LandSale of BuildingSale of Equipment
Investing ActivitiesFinancing ActivitiesCash, January 1Net Cash Used by Investing ActivitiesCash, December 31Net Cash Provided by Investing ActivitiesNet Increase in CashNet Decrease in CashNet Cash Used by Financing ActivitiesNet Cash Provided by Financing ActivitiesOperating ActivitiesNet Cash Used by Operating ActivitiesNet Cash Provided by Operating Activities		$

Identify and determine the amount of any noncash financing activities in 2021.

Equipment costing $ was acquired by paying $ cash and issuing a note payable for $ .

Calculate the cash operating activities. (Hint: Using the cash balances provided, calculate increase or decrease in cash first.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Cash from net cash providedused by operating activities

$