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Investing and Financing Cash Flows During the current year, Paxon Corporation's long term investments account at cost increased $30,000, which was the net result of

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Investing and Financing Cash Flows During the current year, Paxon Corporation's long term investments account at cost increased $30,000, which was the net result of purchasing stocks costing $160,000 and selling stocks costing S130,000 ata $12,000 loss. Also, its bonds payable account decreased $80,000, the net result of issuing $200,000 of bonds at 5206,000 and retiring bonds with a face value and book value of $280.000 ata $18,000 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 Cashflows from Purchase of this Sale of investments Cashflows from finding ce bonds 5 5 S 5 Check

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