Preferred Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30, 2017:

Additional information:
1. Equipment was purchased for $20,000.
2. Land was purchased for $35,000 cash and a mortgage note payable was issued.
3. Common shares were issued for $85,000 cash.
Instructions
Prepare the investing and financing activities sections of the cash flow statement and any required note disclosure.

Land Building Equipment Accumulated depreciation Dividends payable Mortgage note payable Common shares Retained earnings Depreciation expense Gain on equipment sold Profit 2017 $300,000 350,000 139,000 65,000 10,000 110,000 235,000 220,000 15,000 2016 $200,000 350,000 125,000 55,000 20,000 50,000 150,000 80,000 2,000 210,000