Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at cost) increased $22,500, the net result of purchasing stocks costing $120,000 and selling stocks costing $97,500 at a $9,000 loss. Also, the Bonds Payable account decreased by $60,000, the net result of issuing $150,000 of bonds at 99 and retiring bonds with a face value (and book value) of $210,000 at a $13,500 gain. In Paxon's statement of cash flows, what items and amounts will appear in the investing and financing activities sectio (Enter increases before decreases in each section.) Activity Section Investing Items Financing Cash received for sales of stock investments Cash paid for purchase of stock investments + Cash received from issuance of bonds Cash paid to retire bonds $ Increases (Decreases) 120,000 x $ 88,500 x $ 154,500 x $ (196,500) Check Partially correct Marks for this submission: 2.08/3.33. Previous Save Answers 72F Sunny