On January 1, Year 2, MicroChips Incorporated had a balance of $459,000 in its buildings account....

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On January 1, Year 2, MicroChips Incorporated had a balance of $459,000 in its buildings account. During Year 2, the company sold buildings that had cost $215,000 for $264,000 cash. The balance in the buildings account on December 31, Year 2, was $275,400. 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 Determine the cash outflow for the purchase of buildings during Year 2. Reconciliation of Buildings Account Beginning balance Increase due to purchasing buildings Decrease due to selling buildings Ending balance Required 8> On January 1, Year 2, MicroChips Incorporated had a balance of $459,000 in its buildings account During Year 2, the company sold buildings that had cost $215,000 for $264,000 cash. The balance in the buildings account on December 31, Year 2, was $275,400. 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. Cash Flows from Investing Activities Proceeds from sale of buildings Paid for purchase of buildings Net cash inflow from investing activities On January 1, Year 2, MicroChips Incorporated had a balance of $459,000 in its buildings account. During Year 2, the company sold buildings that had cost $215,000 for $264,000 cash. The balance in the buildings account on December 31, Year 2, was $275,400. 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 Determine the cash outflow for the purchase of buildings during Year 2. Reconciliation of Buildings Account Beginning balance Increase due to purchasing buildings Decrease due to selling buildings Ending balance Required 8> On January 1, Year 2, MicroChips Incorporated had a balance of $459,000 in its buildings account During Year 2, the company sold buildings that had cost $215,000 for $264,000 cash. The balance in the buildings account on December 31, Year 2, was $275,400. 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. Cash Flows from Investing Activities Proceeds from sale of buildings Paid for purchase of buildings Net cash inflow from investing activities