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The Gopher Company's transactions during 2018 included the following: Paid cash dividends of $1,200,000 Paid cash toward reducing a long-term note payable $900,000 Issued common
The Gopher Company's transactions during 2018 included the following: Paid cash dividends of $1,200,000 Paid cash toward reducing a long-term note payable $900,000 Issued common stock in exchange for a building $750,000 Paid cash for bond interest $50,000 Bond discount amortization was recorded for $2,250 Issued preferred stock for cash $250,000 Sold a long-term stock investment with a book value of $79,000 for $123,000 cash Sold equipment with a book value of $90,000 for cash. The sale resulted in a $15,000 loss. Issued bonds with a maturity value of $2,000,000 in exchange for $1,950,000 cash 1. Determine the net cash flow from investing activities for 2018. 2. Determine the net cash flow from financing activities for 2018
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