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Please complete statement of cash flows. Thank you! Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise):
Please complete statement of cash flows. Thank you!
Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise): a. A bulling with a book value of $405,000 was sold for $505,000. b. Additional common stock was issued for $165,000 c. Dristell purchased its own common stock as treasury stock at a cost of $77,500. d. Land was acquired by issuing o 6\%, 10-year, $755,000 note payable to the seller. e. A dividend of $45,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $125,000. 9. New equipment was purchased for $67,500 h. A $92,500 note payable issued three years ago was paid in full. A. A loan for $105,000 was made to one of Dristell's suppliers. The supplier plans to repoy Dristell this amount plus 10% interest with 18 months Required: Calculate net cosh flows from investing activities. (Cosh outflows should be indicated with a minus sign.) DRISTELL INCORPORATED Statement of Cash Flows (partial) For the Year Ended December 31, 2024 \begin{tabular}{|l|l|l|} \hline Cash flows from investing activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from investing activities & & \\ \hline & $ & 0 \\ \hline \end{tabular} Step by Step Solution
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