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Current Attempt in Progress Selected information follows for Sandhill Select Corporation at December 31: Additional information: 1. Principal payments on the mortgage payable were $30,500.
Current Attempt in Progress Selected information follows for Sandhill Select Corporation at December 31: Additional information: 1. Principal payments on the mortgage payable were $30,500. 2. A building was purchased for $610,000 by paying $244,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $176,900. 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 either a - sign e.g. 15,000 or in parenthesiseg. (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 omounts thot decrease cosh flow with either a-signes, 15,000 or in parenthesis es. (15,000) Note X : During the year, the company acquired a building with a cost of $ bypusing 5 cash and incurring a mortgage note payable of $
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