Trudeau Inc. is a private company reporting under ASPE. The following selected account balances were reported in Trudeau Inc.'s financial statements at year end:

Additional information:
1. Purchased $75,000 of equipment for $10,000 cash and a note payable for the remainder.
2. Equipment was also sold during the year.
3. Sold a building that originally cost $50,000.
4. Used cash to purchase land and a building.
5. Mortgage payments and notes payable payments included interest and principal amounts.
6. Common shares were issued for cash.
Instructions
(a) Determine the amount of any cash inflows or outflows related to investing activities in 2017.
(b) What was the amount of profit reported by Trudeau Inc. in 2017?
(c) Determine the amount of any cash inflows or outflows related to financing activities in 2017.
(d) Identify and determine the amount of any noncash financing activities in 2017.
(e) Calculate the cash operating activities.
TAKING IT FURTHER
Is it unfavourable for a company to have a net cash outflow from investing activities?

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Accumulated depreciation-buildings Accumulated depreciation-equipment Mortgage payable Notes payable Common shares: 46,000 shares in 2017; 40,000 in 2016 Depreciation expense-buildings Depreciation expense-equipment Gain on sale of equipment Loss on sale of building 0