Oriole Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30, 2021:

		2021		2020
Land		$90,000		$60,000
Building		105,000		105,000
Equipment		41,700		37,500
Accumulated depreciation		19,500		16,500
Dividends payable		3,000		6,000
Mortgage note payable		33,000		15,000
Common shares		77,500		52,000
Retained earnings		66,000		24,000
Depreciation expense		4,500
Gain on equipment sold		600
Profit		63,000

Additional information:

1.		Equipment was purchased for $6,000.
2.		Land was purchased for $10,500 cash and a mortgage note payable was issued for the balance.
3.		Common shares were issued for $25,500 cash.

Prepare the investing and financing activities sections of the cash flow statement and any required note disclosure. (Hint: Use T accounts to help you calculate the cash flows.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Note X: Land costing $

was acquired by paying $

cash and issuing a mortgage note payable for $

ORIOLE HOMES LTD.
Cash Flow Statement (Partial)