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. Sold equipment with a book value of $45, 600 for $65, 700. b. Sold a new issue of $280,000 of bonds at 98. c. Retired $270,000 of bonds, on which there was $2, 700 of unamortized discount, for $281,000. d. Purchased 2, 500 shares of $25 par common stock as treasury stock at $48 per share. e. Sold 7,000 shares of $25 par common stock for $50 per share. f. Paid dividends of $1.50 per share. There were 25,000 shares issued and 4,000 shares of treasury stock. g. Purchased land for $393,000 cash. h. Purchased a building by paying $62,000 cash and issuing a $100,000 mortgage note payable