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Current Attempt in Progress Selected information follows for Sandhill Select Corporation at December 31: Bonds payable Mortgage notes payable Common shares Retained earnings 2021 2020
Current Attempt in Progress Selected information follows for Sandhill Select Corporation at December 31: Bonds payable Mortgage notes payable Common shares Retained earnings 2021 2020 $945,250 $945,250 451,250 190,000 52,250 42,750 156,750 80,750 Additional information: 1. Principal payments on the mortgage payable were $23,750. 2. A building was purchased for $475,000 by paying $190,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $137,750. Assuming the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow statement. - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Assuming the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow statement. (Show amounts that decrease cash flow with ei - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sandhill Select Corporation Cash Flow Statement (Partial) Financing activities Net cash A financing activities Note X: During the year, the company acquired a building with a cost of $ by paying $ cash and incurring a mortgage note payable of $
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