For each of the following separate transactions: 1. Sold a building costing $32,500, with $21,000 of accumulated depreciation, for $9,000 cash, resulting in a $2,500 loss 2. Acquired machinery worth $11,000 by issuing $11,000 in notes payable. 3. Issued 1,100 shares of common stock at par for $2 per share. 4. Long-term notes payable with a carrying value of $40,500 were retired for $48,000 cash, resulting in a $7,500 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. Complete this question by entering your answers in the tabs below. 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 9,000 0 Net cash provided by investing activities $ 9,000 Cash flows from financing activities Cash paid for dividends Cash paid to retire notes Cash received from issuing stock Net cash used in financing activities $ (48,000) 2,200 $ (45,800)