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Selected information follows for Carla Vista Select Corporation at December 31: 2021 2020 Bonds payable Mortgage notes payable Common shares Retained earnings $726,350 346,750 40,150
Selected information follows for Carla Vista Select Corporation at December 31: 2021 2020 Bonds payable Mortgage notes payable Common shares Retained earnings $726,350 346,750 40,150 120,450 $726,350 146,000 32,850 62,050 Additional information: 1. Principal payments on the mortgage payable were $18,250. 2. A building was purchased for $365,000 by paying $146,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $105,850. 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).) Carla Vista Select Corporation Cash Flow Statement (Partial) Financing activities tA Net cash financing activities Note X: During the year, the company acquired a building with a cost of $ by paying $ cash and incurring a mortgage note payable of $
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