I need help with question #7

Fee to Tabs WC MM player.education.com Note 2 indicates that and valued at $9.400 was acquired by issuing common stock. Because there was no each to acted with this purchase the event is shown in the cash investing and find the section of the statement of cash flow To halance the account, the cost (book value) of land cold had to be $2.000 Because the income statement shows a $100 on the sale of land the cash collected from the sale is computed as follows Cash inflow flook value - - $2.000 - 100.00 (7) The information regarding the Long Term Debt account is as follores Long-Term Debt Information Beginning balance in long-term debt Issue of long-term debt instruments (cash inflow Payment of long-term debt (cash outflow Ending balance in long-torm debt $6,400 0 1800) 55.600 There is no information in the financial statements that suppests fong term debt was issued. Therefore, to balance the account $800 of long-term debe had to be paid off, thereby resulting in a cash outflow. The information regarding the Retained Earnings account is as follow Retained Earnings Information Beginning balance in retained earnings Net income Dividends (cash outflow) $ 4,400 44.750 (1600) MacBook Pro c Search or type URL A 2 3 $ 4 5 6 7 8 O 2 W E R T Y U S n CC H