End of Chapter Exercise 18.4 The following transactions were undertaken by Porschet Ltd during the financial year ended 30 June 2017. Ignore GST. 1. Issued ordinary shares for cash, $1,100,000. 2. Purchased land to be held for future expansion for $1,050,000 cash. 3. Paid off a long-term $370,000 loan plus interest of $31,000. 4. Sold for $600,000 used cars with a carrying amount of $260,000. 5. Paid cash dividends of $150,000. 6. Purchased machinery factory, giving $140,000 cash and signing a mortgage loan for $460,000. 7. Purchased shares in MBW Ltd to be held as an investment for $460,000 cash. 8. Sold a long-term government bond, with a carrying amount of $100,000, for $173,000, including $12,000 accrued interest. 9. Purchased shares in Forden Ltd to be held as a long-term investment, paying $380,000 cash. 10. Issued 5% debentures for $1,400,000. Prepare the net cash flow used in investing activities section of the statement of cash flows using the classification shown in Illustrative Example A of IAS 7/AASB 107. (Show amounts that decrease cash flow using either a negative sign, e.g.-15, 000, or parentheses, e.g. (15,000).) Porschet Ltd Statement of cash flows (partial) for the year ended 30 June 2017