CULLUMBER HOMES LTD. Cash Flow Statement (Partial) Year Ended September 30, 2017 Cash Flows from Investing Activities Sale of Equipment Purchase of Land Purchase of Equipment Net Cash Used by Investing Activities Net Cash Used by Investing Activities # Payment of Cash Dividends Issuance of Common Shares Repayment of Mortgage Note Payable + Net Decrease in Cash Note X: Land costing $ 91,000 was acquired by paying $ 31,850 cash and issuing a mortgage note payable for $ 59,150Cullumber Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30, 2017: 2017 2016 Land $273,000 $182,000 Building 318,500 318,500 Equipment 126,490 113,750 Accumulated depreciation 59,150 50,050 Dividends payable 9,100 18,200 Mortgage note payable 100,100 45,500 Common shares 214,750 136,500 Retained earnings 200,200 72,800 Depreciation expense 13,650 Gain on equipment sold 1,820 Profit 191,100 Additional information: 1. Equipment was purchased for $18,200. 2. Land was purchased for $31,850 cash and a mortgage note payable was issued. 3. Common shares were issued for $77,350 cash. Prepare the investing and financing activities sections of the cash flow statement and any required note disclosure. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)