Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. b. Sold 12,000 shares of $20 par common stock for $34 per share. c. Sold equipment with a book value of $60,800 for $87,600. d. Purchased land for $321,000 cash. e. Purchased a building by paying $60,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $190,000 of bonds at 97. g. Purchased 4,600 shares of $20 par common stock as treasury stock at $38 per share. . Paid dividends of $2.00 per share. There were 20,000 shares issued and 3,000 shares of treasury stock. Effect Amount a. Cash payment $ 343,0 b. Cash receipt $ c. Cash receipt $ d. Cash payment $ e. Cash payment $ f. Cash receipt $ g. Cash payment $ h. Cash payment $ Feedback Check My Work Identify the cash flow in each transaction. Is cash being received or paid