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 $250,000 of bonds, on which there was $2,500 of unamortized discount, for $260,000. b. Sold 12,000 shares of $15 par common stock for $29 per share. c. Sold equipment with a book value of $45,400 for $65,400. d. Purchased land for $520,000 cash. e. Purchased a building by paying $88,000 cash and issuing a $100,000 mortgage note payable. f. Sold a new issue of $310,000 of bonds at 98. 9. Purchased 5,500 shares of $15 par common stock as treasury stock at $28 per share. h. Paid dividends of $1.50 per share. There were 25,000 shares issued and 4,000 shares of treasury stock. Effect Amount Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 2 1 Accounts receivable $20,700 $26,500 72,600 64,800 26,600 21,500 Inventory Accounts payable Dividends payable 16,000 17,000 Adjust net income of $77,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 97,000 x