Bird Corp., a private company reporting under ASPE, reported the following in its financial statements:

Additional information:
1. Purchased land for $50,000 and buildings for $130,000 by making a $25,000 down payment and financing the remainder with a mortgage note payable.
2. A building was sold during the year.
3. Cash was used to purchase equipment.
4. Equipment with an original cost of $28,000 was sold during the year.
5. Interest expense includes amortization of the bond premium.
6. The company paid $170,000 of notes payable that matured during the year.
7. The company reacquired 2,000 common shares in 2014, with an average cost of $30,800.
8. Preferred shares were sold for cash.
Instructions
(a) Determine the amount of any cash inflows or outflows related to investing activities in 2014.
(b) What was the amount of profit reported by Bird Corp. in 2014?
(c) Determine the amount of any cash inflows or outflows related to financing activities in 2014.
(d) Identify and determine the amount of any noncash financing activities in 2014.
(e) Calculate the cash from net cash provided (used) by operating activities.
TAKING IT FURTHER
Is it favourable for a company to have a net cash inflow from investing activities?

2014 2013 Cash Accumulated depreciation-buildings Accumulated depreciation-equipment Depreciation expense-buildings Depreciation expense-equipment Buildings Equipment Land Bonds payable Long-term notes payable Mortgage note payable Preferred shares: 7,000 shares in 2014; 5,000 in 2013 Common shares: 8,000 shares in 2014; 10,000 in 2013 Contributed surplus-reacquisition of common shares Cash dividends-preferred Retained earnings Interest expense Loss on sale of equipment Gain on sale of buildin 21,000 578,750 218,000 31,250 48,000 1,310,000 492,000 250,000 214,000 240,000 155,000 175,000 123,200 1,500 6,250 300,000 23,000 5,000 18,000 5,000 600,000 192,000 30,000 45,000 1,250,000 480,000 200,000 216,000 350,000 125,000 154,000 6,250 240,000 28,000