Motorcross, Inc. identified the following selected transactions that occurred during 2016:
a. Issued 850 shares of $5 par common stock for cash of $21,000.
b. Issued 5,600 shares of $5 par common stock for a building with a fair market value of $99,000.
c. Purchased new truck with a fair market value of $36,000. Financed it 100% with
a long-term note.
d. Retired short-term notes of $26,000 by issuing 2,500 shares of $5 par common stock.
e. Paid long-term note of $8,500 to Bank of Tallahassee. Issued new long term note of $17,000 to Bank of Trusd.
Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows.