On January $1,$ Year $2,$ MicroChips Incorporated had a balance of $$456,000$ in its buildings account. During Year $2,$ the company sold buildings that had cost $$213,500$ for $$261,000$ cash. The balance in the buildings account on December Year $2,$ was $$273,600.$

Required:

a$.$ Determine the cash outflow for the purchase of buildings during Year $2.$

b$.$ Prepare the investing activities section of the Year $2$ statement of cash flows.

Complete this question by entering your answers in the tabs below.

Required $A$

Determine the cash outflow for the purchase of buildings during Year $2.$

$\backslash$table$[[$Reconciliation of Buildings Account,$],[$Beginning balance,$],[$Increase due to purchasing buildings,$],[$Decrease due to selling buildings,$],[$Ending balance,$]]$

On January $1,$ Year $2,$ MicroChips Incorporated had a balance of $$456,000$ in its buildings account. During Year $2,$ the company sold buildings that had cost $$213,500$ for $$261,000$ cash. The balance in the buildings account on December $31,$ Year $2,$ was $$273,600.$

Required:

a$.$ Determine the cash outflow for the purchase of buildings during Year $2.$

b$.$ Prepare the investing activities section of the Year $2$ statement of cash flows.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Prepare the investing activities section of the Year $2$ statement of cash flows.

$\backslash$table$[[$Cash Flows from Investing Activities,$],[$Proceeds from sale of buildings,$],[$Paid for purchase of buildings,$],[$Net cash inflow from investing activities,$]]$