Inventories increased by $5,400, Prepaid Expenses decreased by $1,000, Accounts Pavable decreased by $14,000, and Accrued Liabilities decreased by $1,700. Use the indirect method to determine net cash flows from operating activities. LO4 Cash Flows from Investing Activities and Noncash Transactions SE 6. During 2010, Howard Company purchased land for $375,000. It paid $125,000 in cash and signed a $250,000 mortgage for the rest. The company also sold for $95,000 cash a building that originally cost $90,000, on which it! had $70,000 of accumulated depreciation, making a gain of $75,000. Prepare the cash flows from investing activities section and the schedule of noncash investing and financing transactions of the statement of cash flows. L05 Cash Flows from Financing Activities SE 7. During 2010, Arizona Company issued $500,000 in long-term bonds at 96, repaid $75,000 of bonds at face value, paid interest of $40,000, and paid dividends of $25,000. Prepare the cash flows from the financing activities section of the statement of cash flows