Problom applicable to 20Y5 : applicabie to 20Y5 : A. Land esting sis 000 was ald for $15000 fanstructions operating activities. ( 2$70,670=$74,670$4,000 (increase in dividends) Problem The income statement for Dowling Company follows: An examination of the accounting records revealed the following additiocal information plicable to 205 : tand corting 515,000 was sold for $15,000. A martgage note was issued for $40,000. A bulding coiting $115,000 was constructed. 2,500 tharer of common stock were issued at $40 in exchange for the bonds puyable Caith dividends dectared were $74670. ructions