The Gopher Company's transactions during 2018 included the following: Paid cash dividends of $1,200,000Paid cash toward reducing a long-term note payable $900,000Issued common stock in exchange for a building $750,000Paid cash for bond interest $50,000Bond discount amortization was recorded for $2,250Issued preferred stock for cash $250,000Sold a long-term stock investment with a book value of $79,000 for $123,000 cashSold equipment with a book value of $90,000 for cash. The sale resulted in a $15,000 loss.Issued bonds with a maturity value of $2,000,000 in exchange for $1,950,000 cashRequired:
Determine the net cash flow from investing activities for 2018.Determine the net cash flow from financing activities for 2018.
What will be an ideal response?
1.
$198,000 = $123,000 + $75,000 ($90,000 ? $15,000)
2.
$100,000 = ?$1,200,000 ? $900,000 + $1,950,000 + $250,000
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