1. Purchased $69,000 of equipment for $9,200 cash and a note payable for the remainder. 2....
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1. Purchased $69,000 of equipment for $9,200 cash and a note payable for the remainder. 2. Equipment was also sold during the year. 3. Sold a building that originally cost $46,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash. Determine the amount of any cash inflows or outflows related to investing activities in 2024. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Operating Activities Payment of Cash Dividends SHERIDAN INC. Cash Flow Statement (Partial) Year Ended December 31, 2024 1. Purchased $69,000 of equipment for $9,200 cash and a note payable for the remainder. 2. Equipment was also sold during the year. 3. Sold a building that originally cost $46,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash. Determine the amount of any cash inflows or outflows related to investing activities in 2024. (Hint: Use T accounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Operating Activities Payment of Cash Dividends SHERIDAN INC. Cash Flow Statement (Partial) Year Ended December 31, 2024
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