For each of the following separate transactions: 1. Sold a building costing $32,000, with $20,800 of accumulated depreciation, for $8,800 cash, resulting in a $2,400 loss. 2. Acquired machinery worth $10,800 by issuing $10,800 in notes payable. 3. Issued 1,080 shares of common stock at par for $2 per share. 4. Long-term notes payable with a carrying value of $40,400 were retired for $47,800 cash, resulting in a $7,400 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. Journal entry worksheet 1 2 3 4 Record sale of building. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 4 Record acquisition of machinery. Note: Enter debits before credits. Transaction (b) General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record payment of cash to retire debt. Note: Enter debits before credits. Transaction (d) General Journal Debit Credit 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 flows from financing activities $ 0 $ 0