The following is a partial balance sheet for Valley Surgical Incorporated for the year ended Dec 31, 2020: 2020 2019 Long-term investment Plant and equipment, net Land $ 50,500 422,500 212,000 $ 26,000 368,000 480,000 Long-term note payable Common shares Retained Earnings 237,000 319,500 628,000 470,500 256,000 324,500 Additional Information Acquired equipment by issuing a long-term payable, $76,500, and paying $5,000 cash Purchased a long-term investment for cash Received cash for issuance of common shares, $40,000 Only cash dividends were issued during the year Net income for the year was $433,500 Loss on sale of land was $21,500 . Required a) Complete the following T-account to illustrate the transactions occurring in the account. Long Term Note Payable b) Prepare ONLY the financing activities section of the Statement of Cash Flows for the year ended Dec 31, 2020