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Required information (The following information applies to the questions displayed below) The following information was drawn from the year-end balance sheets of Mass Trading Company

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Required information (The following information applies to the questions displayed below) The following information was drawn from the year-end balance sheets of Mass Trading Company Account Title Investment securities Equipment Buildings Land Year 2 $ 34,400 216,500 850,500 99,000 Year 1 $ 28,300 200,500 945,000 60,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,030 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $430. 2. Equipment with a cost of $45,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $6,700. On the date of sale, accumulated depreciation on the equipment sold amounted to $6,800. 4. A building that had originally cost $168,000 was demolished. 5. Land that had cost $25,900 was sold for $21,600. Required a. Determine the amount of cash flow for the purchase of investment securities during Year 2. Cash flow for the purchase of investment securities b. Determine the amount of cash flow from the sale of investment securities during Year 2. Cash flow from the sale of investment securities c. Determine the cost of the equipment that was sold during Year 2. Cost of the equipment sold d. Determine the amount of cash flow from the sale of equipment during Year 2. Cash flow from the sale of equipment e. Determine the amount of cash flow for the purchase of buildings during Year 2. Cash flow for the purchase of buildings f. Determine the amount of cash flow for the purchase of land during Year 2. Cash flow for the purchase of land g. Prepare the investing activities section of the Year 2 statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) MASS TRADING COMPANY Statement of Cash Flows (Investing Activities) For the Year Ended December 31, Year 2 Cash flows from investing activities: Net cash flow from investing activities

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