Question: please help me with this practice accounting question. nvesting and Financing Cash Flows During the year, Paton Corporation's Long-Term Investments account (at cost) increased $20,000,
nvesting and Financing Cash Flows During the year, Paton Corporation's Long-Term Investments account (at cost) increased $20,000, the net result of purchasing stocks costing $85,000 and selling stocks costing $65,000 at a $7,000 loss. Also, the Bonds Payable account decreased by $35,000, the net result of issuing $100,000 of bonds at 102 and retiring bonds with a face value (and book value) of $135,000 at an $8,000 gain. What items and amounts will appear in the (a) cash flows from investing activities and the (b) cash flows from financing activities sections of Paton's statement of cash flows? Use a negative sign with cash outflow answers
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