please do part d
they are 3 blank spaces in it
Cullumber Inc. is a private company reporting under ASPE. The following selected account balances were reported in Cullumber Inc's financial statements at year end: 2021 2020 Cash $19.800 $9.200 Buildings 861,000 749,000 Equipment 411,000 356,200 Land 109.000 63.000 312.000 300.500 139,000 104,000 6.950 3,400 550.600 590,600 347.000 316,000 546,000 417,000 Accumulated depreciation--buildings Accumulated depreciation-equipment Dividends payable Mortgage payable Notes payable Common shares: 5,540 shares in 2021:4140 in 2020 Retained earnings Cash dividends declared Depreciation expense-buildings Depreciation expense-equipment Gain on sale of equipment Loss on sale of building Interest expense 215.000 116,000 32.000 15,600 28,000 40.700 48,205 26,350 1,040 0 12.300 0 49,650 45,550 1 2 Additional information: Purchased $82,000 of equipment for $12.800 cash and a note payable for the remainder Equipment was also sold during the year. Sold a building that originally cost $57.000 Used cash to purchase land and a building Mortgage payments and notes payable payments included interest and principal amounts. Common shares were issued for cash 3 5 6 (a) Your answer is correct. Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use T accounts to calculate the cash flows)(Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesis es (15,0001) CULLUMBER INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 Investing Activities Purchase of Land 46000 Sale of Building 28200 Purchase of Building 169000 Sale of Equipment 15035 V -12800 Purchase of Equipment -184565 Net Cash Used by Investing Activities Attempts: 2 of 2 used (b) Your answer is correct What was the amount of profit reported by Cullumber Inc. in 20212 Amount of profit $ 131000 (c) Your answer is correct. Determine the amount of any cash inflows or outflows related to financing activities in 2021 (Hint: Use Taccounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es (15,000.) CULLUMBER INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 Financing Activities 129000 Issuance of Common Shares $ -28450 Payment of Cash Dividends -38200 Repayment of Note 40000 Repayment of Mortgage $ 22350 Net Cash Provided by Financing Activities Attempts: 2 of 2 used (d) Identity and determine the amount of any noncash financing activities in 2021 Equipment costings was acquired by paying $ cash and issuing a note paya Save for later Attempts: 0 of 2 used Submit Answer (d) Identify and determine the amount of any noncash financing activities in 2021 was acquired by payings cash and issuing a note payable for $ Attempts of 2 used Submit Anwer saw for Latur
