Preparing Non-cash Investing and Financing Activities Problem 7 (E-F:14-25): Sammons \& Sons Inc. identified the following selected transactions that occurred during the year ended December 31,2019 : a. Issued 800 shares of $2 par common stock for cash of $15,000. b. Issued 5,500 shares of $4 par common stock for a building with a fair market value of $98,000. c. Purchased new tractor with a fair market value of $32,000. Financed it 100% with a longterm note. d. Retired short-term notes of $29,000 by issuing 1,800 shares of $2 par common stock. e. Paid long-term note of $11,500 to Bank of Tallahassee. Issued new long-term note of $24,000 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