question 2

Alpha Corporation purchased land for $242,000. Later in the year, the company sold a different piece of land with a book value of $121,000 for $132,000. transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank. Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $210,000 of bonds, on which there was $2,100 of unamortized discount, for $218,000. b. Sold 7,000 shares of $10 par common stock for $16 per share. c. Sold equipment with a book value of $51,800 for $74,600. d. Purchased land for $341,000 cash. e. Purchased a building by paying $77,000 cash and issuing a $90,000 mortgage note payable. f. Sold a new issue of $170,000 of bonds at 97 . g. Purchased 3,800 shares of $15 par common stock as treasury stock at $30 per share. h. Paid dividends of $2.00 per share. There were 29,000 shares issued and 5,000 shares of treasury stock