The following transactions occurred for A New Company Inc. at the end of the year:
- Purchased a new building by paying $40,000 cash and signing a note payable for $210,000.
- Sold furniture that had an original cost of $12,000 for a gain of $600. The book value of the furniture at the time of the sale was $6000.
- Purchased new furniture for $9,000 cash.
- Sold old computer equipment for $1,400 cash.
- Dividends of $20,000 were paid in cash
Work through your calculations for each transaction and prepare the investing section of the statement of cash flows.
| Description | Amount | Total |
|---|---|---|
| Subcategory,Cash Flows from Investing Activities: | ||
| Single line | Single line | |
| Single line | ||