Dirtbikes, Inc. identified the following selected transactions that occurred during 2015:

a. Issued 1,250 shares of $ 2 par common stock for cash of $ 26,000.

b. Issued 5,500 shares of $ 2 par common stock for a building with a fair market value of $ 101,000.

c. Purchased new truck with a fair market value of $ 28,000. Financed it 100% with a long-term note.

d. Paid short- term notes of $ 23,000 by issuing 2,400 shares of $ 2 par common stock.

e. Paid long-term note of $ 10,500 to Bank of Tallahassee. Issued new long-term note of $ 21,000 to Bank of Trust.

Identify any non- cash transactions that occurred during the year and show how they would be reported in the non- cash section of the cash flow statement.