Exercise $16\mathrm{.}9$

Cash flows from investing activities

P$3$

Use the following information to determine cash flows from investing activities.

a$.$ Equipment with a book value of $$65,300$ and an original cost of $$133,000$ was sold at a loss of $$14,000.$

b$.$ Paid $$89,000$ cash for a new truck.

c$.$ Sold land costing $$154,000$ for $$198,000$ cash, yielding a gain of $$44,000.$

d$.$ Stock investments were sold for $$60,800$ cash, yielding a gain of $$4,150.$

Use the following information to determine cash flows from financing activities.

a$.$ Net income was $$35,000.$

b$.$ Issued common stock for $$64,000$ cash.

c$.$ Paid cash dividend of $$14,600.$

d$.$ Paid $$50,000$ cash to settle a long$-$term notes payable at its $$50,000$ maturity value.

e$.$ Paid $$12,000$ cash to acquire its treasury stock.

f$.$ Purchased equipment for $$39,000$ cash.

Exercise $16\mathrm{.}2$

Indirect: Reporting cash flows from operations P$2$

Hampton Company reports the following information for its recent calendar year. Prepare the operating activities section of the statement of cash flows using the indirect method.

$\backslash$table$[[$Income Statement Data$],[$Sales$.,,$$$160,000$