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Sandhill Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sandhill Inc.s financial statements at year-end: 2017 2016

Sandhill Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sandhill Inc.’s financial statements at year-end:

  2017 2016
Cash $ 18,675 $ 8,450
Buildings 838,500 734,000
Equipment 396,000 344,200
Land 94,000 51,750
Accumulated depreciation—buildings
 304,500 289,250
Accumulated depreciation—equipment
 124,000 92,750
Dividends payable
 6,200 2,650
Mortgage payable 544,600 584,600
Notes payable
 339,500 308,500
Common shares: 5,390 shares in 2017; 3,990 in 2016
 538,500 409,500
Retained earnings
 200,000 101,000
Cash dividends declared
 24,500 9,600
Depreciation expense—buildings
 24,250 39,950
Depreciation expense—equipment
 47,455 25,600
Gain on sale of equipment 890 0
Loss on sale of the building
 9,300 0
Interest expense
 48,150 44,050
Additional information:
1.
Purchased $74,500 of equipment for $9,800 cash and a note payable for the remainder.
2.
Equipment was also sold during the year.
3.
Sold a building that originally cost $49,500.
4.
Used cash to purchase land and a building.
5.
Mortgage payments and notes payable payments included interest and principal amounts.
6.
Common shares were issued for cash.

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(a)




 
Determine the amount of any cash inflows or outflows related to investing activities in 2017.
(b) What was the amount of profit reported by Sandhill Inc. in 2017?
(c) Determine the amount of any cash inflows or outflows related to financing activities in 2017.
(d) Identify and determine the amount of any noncash financing activities in 2017.

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