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Selected information follows for Sandhill Select Corporation at December 31: Additional information: 1. Principal payments on the mortgage payable were $30,500. 2. A building was

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Selected information follows for Sandhill Select Corporation at December 31: Additional information: 1. Principal payments on the mortgage payable were $30,500. 2. A building was purchased for $610,000 by paying $244,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $176,900. Assuming the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow Additional information: 1. Principal payments on the mortgage payable were $30,500. 2. A building was purchased for $610,000 by paying $244,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $176,900. 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 eg. 15,000 or in parenthesis eg. (15,000) ) 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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