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The following information was drawn from the year-end balance sheets of Mass Trading Company: Additional information regarding transactions occurring during Year 2: 1. Investment securities

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The following information was drawn from the year-end balance sheets of Mass Trading Company: Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,100 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $1,400 2. Equipment with a cost of $38,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $8,000. On the date of sale, accumulated depreciation on the equipment sold amounted to $8,000. 4. A building that had originally cost $210,000 was demolished. 5. Land that had cost $30,000 was sold for $27,000. Required a. Determine the amount of cash flow for the purchase of investment securities during Year 2 . b. Determine the amount of cash flow from the sale of investment securities during Year 2 . c. Determine the cost of the equipment that was sold during Year 2 . d. Determine the amount of cash flow from the sale of equipment during Year 2 . e. Determine the amount of cash flow for the purchase of buildings during Year 2 . f. Determine the amount of cash flow for the purchase of land during Year 2 . g. Prepare the investing activities section of the Year 2 statement of cash flows. Complete this question by entering your answers in the tabs below. The following information was drawn from the year-end balance sheets of Fox River, Incorporated. Additional information regarding transactions occurring during Year 2: 1. Fox River, Incorporated issued $100,000 of bonds during Year 2. The bonds were issued at face value. All bonds retired were retired at face value. 2. Common stock did not have a par value. 3. Fox River, Incorporated uses the cost method to account for treasury stock. 4. The amount of net income shown on the Year 2 income statement was $32,000. Required a. Determine the amount of cash flow for the retirement of bonds that should appear on the Year 2 statement of cash flows. b. Determine the amount of cash flow from the issue of common stock that should appear on the Year 2 statement of cash flows. c. Determine the amount of cash flow for the purchase of treasury stock that should appear on the Year 2 statement of cash flows. d. Determine the amount of cash flow for the payment of dividends that should appear on the Year 2 statement of cash flows. Complete this question by entering your answers in the tabs below

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