.Issued

950

shares of

$2

par common stock for cash of

$21,000.

b.Issued

4,800

shares of

$2

par common stock for a building with a fair market value of

$92,000.

c.Purchased new truck with a fair market value of

$36,000.

Financed it 100% with a long-term note.

d. Retired short-term notes of

$24,000

by issuing

2,000

shares of

$2

par common stock.

e.Paid long-term note of

$9,000

to Bank of Tallahassee. Issued new long-term note of

$17,000

to Bank of Trust.

Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.)

Motor Sports, Inc.
Statement of Cash Flows (Partial)
Year Ended December 31, 2024
	Non-cash Investing and Financing Activities:
	Total Non-cash Investing and Financing Activities