For each of the following separate transactions: 1. Sold a building costing $31,000, with $20,400 of accumulated depreciation, for $8,400 cash, resulting in a $2,200 1055 2. Acquired machinery worth $10,400 by issuing $10,400 in notes payable. 3. Issued 1,040 shares of common stock at par for $2 per share. 4. Long-term notes payable with a carrying value of $40,200 were retired for $47,400 cash, resulting in a $7,200 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