Help Save & Exit Submit Check my work 5 Exercise 11-12A Calculate investing cash flows (LO11-4) Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500,000. b. Additional common stock was issued for $160,000. c. Dristell purchased its own common stock as treasury stock at a cost of $75,000. d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. e. A dividend of $40,000 was paid to shareholders f. An investment in Fleet Corp.'s common stock was made for $120,000. g. New equipment was purchased for $65,000 h. A $90,000 note payable issued three years ago was paid in full. i. A loan for $100,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount References S. plus 10% interest within 18 months Required: Calculate net cash flows from investing activities. (List cash outflows and any decrease in cash as negative amounts.) K Prev5 of 9Next > 2:58 PM O Type here to search