Investing and Financing Cash Flows During the current year, Paxon Corporations long-term investments account (at cost) increased $22,500, which was the net result of purchasing stocks costing $120,000 and selling stocks costing $97,500 at a $9,000 loss. Also, its bonds payable account decreased $60,000, the net result of issuing $150,000 of bonds at $154,500 and retiring bonds with a face value (and book value) of $210,000 at a $13,500 gain. What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financing activities sections of its statement of cash flows?

Use negative signs with answers, when appropriate.

Cash flows from investing activities
Purchase of stock investments	Answer
Sale of stock investments	Answer
Cash flows from financing activities
Issuance of bonds	Answer
Retirement of bonds	Answer