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Dristell incorporated had the following activities during the year (oll transactions are for cash unless stated otherwise) a. A bulding with a book value of

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Dristell incorporated had the following activities during the year (oll transactions are for cash unless stated otherwise) a. A bulding with a book value of $420,000 was sold for $520,000 b. Additional common stock was issued for $180,000. c. Dristell purchosed its own common stock as treasury stock at a cost of $85,000 d. Land was acquired by issuing a 6%, 10-year, $770,000 note payable to the selier. e. A dividend of $60,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $140,000. g. New equipment was purchased for $75,000. h. A $100,000 note payable issued three years ago was paid in full i. A loan for $120,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. 1. Paid $300,000 to acquire another company, Elegido, Incorporated Required: Calculate net cash flows from investing activities

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