Exercise 11-12 (Algo) Calculate investing cash flows (LO11-4) Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $409,000 was sold for $509,000. b. Additional common stock was issued for $169,000. c. Dristell purchased its own common stock as treasury stock at a cost of $79,500. d. Land was acquired by issuing a 6%, 10-year, $759,000 note payable to the seller. e. A dividend of $49,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $129,000. g. New equipment was purchased for $69,500. h. A $94,500 note payable issued three years ago was paid in full. i. A loan for $109,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from investing activities. (Cash outflows should be indicated with a minus sign.) DRISTELL INCORPORATED Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from investing activities: Net cash flows from investing activities e Prev 7 of 8 H+ Next >

Exercise 11-12 (Algo) Calculate investing cash flows (LO11-4) Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $409,000 was sold for $509,000. b. Additional common stock was issued for $169,000. c. Dristell purchased its own common stock as treasury stock at a cost of $79.500. d. Land was acquired by issuing a 6%,10-year, $759,000 note payable to the seller. e. A dividend of $49,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $129,000 g. New equipment was purchased for $69,500 h. A $94,500 note payable issued three years ago was paid in full. i. A loan for $109,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from investing activities. (Cash outflows should be indicated with a minus sign.)