This year Quark Corporation $($a publicly traded company on the Toronto$)$ exchanged $250,000$ of its no par value common shares for $3$ parcels of land from Neutron Limited. The land and building was appraised by professional appraisers at a value between $$1,200,000$ $$1,400,000$ with the best estimate at $$1,250,000.$ Quark's shares are trading at $$5\mathrm{.}46$ on the date of the transaction.

Required $1$: What is the impact of this transaction of the Statement of Cash Flows? $

Required $2$: In Quark books, what is the value of the land acquired? $

$1365000$

Required $3$: If this is the only transaction affecting Quark's non current assets, what is the amount of cash generated $($used$)$ by investing activities if the depreciation expense of the acquired land and building is $$30,000?$ $

$0$