Reference no: EM132933460

The Smith Corporation has provided the following information:

Cash dividend payments were $25,000.

Long-term investments were sold for $79,000 cash.

A building costing $198,000 was purchased using $19,800 cash, and the balance was financed with a mortgage note payable.

Stock was issued to stockholders in exchange for $110,000 cash.

A $44,000 loan was made to a local inventory supplier; the loan will be repaid in twelve months.

Equipment used in operations was sold for $37,000.

Repaid a long-term note payable for $92,000 cash.

Cash received from short-term bank loans totaled $71,000.

Land costing $57,000 was purchased in exchange for a long-term note payable.

Problem 1: Determine Smith's cash flows to be reported on the statement of cash flows for

(1) Investing Activities

(2) Financing Activities