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QUESTION 4 Smiley Corp.'s transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1,250,000 cash. Sold available-for-sale securities for
QUESTION 4 Smiley Corp.'s transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1,250,000 cash. Sold available-for-sale securities for $1,000,000. Paid dividends of $1,200,000. Issued 500 shares of common stock for $500,000 Purchased machinery and equipment for $250,000 cash. Paid $900,000 toward a bank loan. Reduced accounts receivable by $200,000. Increased accounts payable $400,000. Smiley's net cash used in investing activities for 2021 was $500,000 $1,500,000 $250,000 $750,000
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