For each of the following separate transactions:

1) Sold a building costing $35,500, with $22,200 of accumulated depreciation, for $10,200 cash, resulting in a $3,100 loss. 2) Acquired machinery worth $12,200 by issuing $12,200 in notes payable. 3) Issued 1,220 shares of common stock at par for $2 per share. 4) Note payables with a carrying value of $41,100 were retired for $49,200 cash, resulting in a $8,100 loss.

(a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows.

Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the reconstructed journal entry. No Transaction Credit 1 General Journal Loss on sale of building Cash Accumulated depreciation-Building Building Debit 3,100 10,200 22,200 35,500 Required A Required B Required A Required B Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. (Amounts to be deducted should be indicated by a minus sign.). Statement of Cash Flows (partial) Cash flows from investing activities Cash received from sale of Building $ 10.200 10,200 Net cash provided by investing activities Cash flows from financing activities Cash received from issuing stock Cash paid to retire notes $ 2.440 (49,200) Net cash used in financing activities $ (46,760)