The following transactions occurred for A New Company Inc. at the end of the year: a. Purchased a new building by paying $55,000 cash and signing a note payable for $210,000. b. Sold furniture that had an original cost of $11,000 for a gain of $600. The beginning accumulated depreciation was $34,500 and the ending accumulated depreciation was $29,000. Depreciation expense for the year was $3,000. c. Purchased new furniture for $12,000 cash. No depreciation has occurred on this furniture. d. Sold old computer equipment for $1,600 cash. e. Dividends of $17,000 were paid in cash Work through your calculations for each transaction and prepare the investing section of the statement of cash flows. Cash Flows from Investing Activities: Net Cash Used by Investing Activities X X X -55000 3600 X -12000 1600 -17000 X -78800 X

The following transactions occurred for A New Company Inc. at the end of the year: a. Purchased a new building by paying $55,000 cash and signing a note payable for $210,000. b. Sold furniture that had an original cost of $11,000 for a gain of $600. The beginning accumulated depreciation was $34,500 and the ending accumulated depreciation was $29,000. Depreciation expense for the year was $3,000. c. Purchased new furniture for $12,000 cash. No depreciation has occurred on this furniture. d. Sold old computer equipment for $1,600 cash. e. Dividends of $17,000 were paid in cash Work through your calculations for each transaction and prepare the investing section of the statement of cash flows