Question: In preparing its cash flow statement for the year ended December 31, Jeff Co. collected the following data: Gain on the sale of equipment $

In preparing its cash flow statement for the year ended December 31, Jeff Co. collected the following data:

Gain on the sale of equipment

$ 6,000

Proceeds from the sale of equipment

10,000

Purchase of A.S., Inc. bonds as a debt Investment(par value $200,000)

180,000

Amortization of bond discounts

2,000

Dividends declared

45,000

Dividends paid

38,000

Proceeds from the sale of treasury stock (carrying amount $65,000)

75,000

Copyright Amortization

4,500

Issued Common Stock

47,000

Depreciation Expense

33,000

Redeemed bonds (par value of $500,000)

537,000

Loss on Bond Redemption

34,000

Purchased Land with a Promissory Note

145,000

Proceeds from sale of Equity Investments

25,000

  1. Compute the amount should Reve report as cash flow from Investing Activities? Show Work.
  1. Compute the amount should Reve report as cash flow from Financing Activities? Show Work

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