This is the second half of the same question I just submitted.

Hint: For purposes of the statement of cash flows, loss on sale of land is treated in a manner similar to depreciation expense Both are non-cash items. Additional information from the accounting records: a. Land that originally cost $19,000 was sold for $15,000. b. The common stock of Hawkeye Company was purchased for $29,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $140,000 cash. d. A $28,000 note was paid at maturity on January 1 . e. On January 1, 202, bonds were sold at their $56,000 face value. f. Common stock ( $40,000 par) was sold for $68,000. g. Net income was $90,000 and cash dividends of $45,000 were paid to shareholders. Hint: For purposes of the statement of cash flows, loss on sale of land is treated in a manner similar to depreciation expense Both are non-cash items. Additional information from the accounting records: a. Land that originally cost $19,000 was sold for $15,000. b. The common stock of Hawkeye Company was purchased for $29,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $140,000 cash. d. A $28,000 note was paid at maturity on January 1 . e. On January 1, 202, bonds were sold at their $56,000 face value. f. Common stock ( $40,000 par) was sold for $68,000. g. Net income was $90,000 and cash dividends of $45,000 were paid to shareholders