Question 6 of 6 < > Selected information follows for Sunland Select Corporation at December 31: 2024 2023 Bonds payable $1,174,100 $1,174,100 Mortgage notes payable 560,500 236,000 Common shares 64,900 53,100 Retained earnings 194,700 100,300 Additional information: 1.15/3 1. Principal payments on the mortgage payable were $29,500. 2. 3. A building was purchased for $590,000 by paying $236,000 cash and signing a mortgage note payable for the balance. Profit for the year was $171,100. Assuming the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sunland Select Corporation Cash Flow Statement (Partial) For the Year Ended December 31, 2024 Financing Activities Pavment to Reacquire Common Shares $ Sale of Common Shares Repayment of Mortgage Notes Payable Net Cash Used by Financing Activities Note X: During the year, the company acquired a building with a cost of $ cash and incurring a mortgage note payable of $ eTextbook and Media Save for Later by paying $ Attempts: 8 of 15 used Submit Answer