The following selected account balances were reported in Trudeau Inc's fi nancial statements. Trudeau Inc., a private company reporting under ASPE, at year end:

Additional information:
1. Purchased $75,000 of equipment for $10,000 cash and a mortgage note payable for the remainder.
2. Equipment was also sold during the year.
3. Sold a building that originally cost $50,000.
4. Used cash to purchase land and a building.
5. Included in interest expense is amortization of the bond payable discount, $5,000.
6. Mortgage payments included interest and principal amounts.
7. Converted 500 preferred shares to 5,000 common shares.
8. Common shares were issued for cash.
9. Reacquired 1,000 common shares with an average cost of $10/share for cash during the year.
Instructions
(a) Determine the amount of any cash inflows or outflows related to investing activities in 2014.
(b) What was the amount of profit reported by Trudeau Inc. in 2014?
(c) Determine the amount of any cash inflows or outflows related to financing activities in 2014.
(d) Identify and determine the amount of any noncash financing activities in 2014.
(e) Calculate the cash from net cash provided (used) by operating activities.
TAKING IT FURTHER Is it unfavourable for a company to have a net cash outflow from investing activities?

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2014 2013 $ 22,125 850,000 393,000 100,000 307,500 124,000 10,000 750,000 340,000 60,000 300,000 94,000 Buildings Equipment Accumulated depreciation-buildings Accumulated depreciation-equipment Dividends payable Bonds payable Mortgage notes payable Preferred shares: 2,250 shares in 2014; 2,750 in 2013 Common shares: 54,000 shares in 2014; 40,000 in 2013 Contributed surplus-reacquisition of common shares Retained earnings Cash dividends declared Depreciation expense-buildings Depreciation expense-equipment Gain on sale of equipment Loss on sale of building Interest expense 590,000 340,000 225,000 540,000 2,000 200,000 25,000 25,000 49,125 1,000 10,000 48,250 585,000 310,000 275,000 410,000 100,000 10,000 27,000 0 44,750