For each of the following separate transactions 1. Sold a building costing 540.000, with $24,000 of accumulated depreciation, for $12,000 cash, resulting in a $4.000 loss. 2. Acquired machinery worth $14,000 by issuing $14.000 in notes payable 3. Issued 1400 shares of common stock at par for $2 per share 4. Long-term notes payable with a carrying value of $12,000 were retired for $51,000 cash, resulting in a $9,000 loss (a) Prepare the reconstructed journal entry. (b) identify the effect it has, if any, on the investing section of financing section of the statement of cash flows. View transactic, list X 1 Record sale of building. 2 Record acquisition of machinery. 3 Record the issuance of common stock for cash. Record payment of cash to retire debt. 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 $ 0 Cash flows from financing activities 5 0 Record sale of building. Note: Enter debits before credits General Journal Debit Credit Transaction (a) Record entry Clear entry View general journal Journal entry worksheet Record acquisition of machinery. Note: Enter debits before credits. General Journal Debit Credit Transaction (b) Record entry Clear entry View general journal Journal entry worksheet