Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.) a. Sold a truck costing $45,000, with $24,000 of accumulated depreciation, for $10,000 cash. The sale results in a $11,000 loss. b. Sold a machine costing $12,600, with $9,000 of accumulated depreciation, for $7,000 cash. The sale results in a $3,400 gain. c. Purchased stock investments for $17,000 cash. The purchaser believes the stock is worth at least $32,000. Cash flows from investing activities Cash paid for purchase of investment Cash received from sale of machine Cash received from sale of truck Net cash used in investing activities $ 0 Indicate which of the following has an effect on financing cash flows. a. Notes payable with a carrying value of $18,200 are retired for $20,800 cash, resulting in a $2,600 loss. b. Paid cash dividends of $14,200 to common stockholders. c. Acquired $23,200 worth of machinery in exchange for common stock. Items Amount a. Notes payable b. Dividends C. Machinery Effect on financing cash flows Decrease Decrease No effect