Response to the following :
Refer to problem. Prepare the financing activities section of Tifton & Co.'s statement of cash flows.
Problem:
Tifton & Co. had the following cash transactions during the current year:
Proceeds from issuance of common stock $400,000
Payment of dividends 100,000
Payment for purchase of land 75,000
Proceeds from issuance of bonds payable 300,000
Payment for purchase of treasury stock 80,000
Proceeds from sale of equipment 100,000
Payment for purchase of building 500,000
Prepare the investing activities section of Tifton & Co.'s statement of cash flows.