Reference no: EM133183363

Question - Kristopher Corp.'s transactions for the year ended December 31, 2021 included the following:

i. Acquired 50% of Graham Corp.'s common stock for $180,000 with a Note Payable.

ii. Issued 4,000 shares of its preferred stock for land having a fair value of $320,000.

iii. Issued 500 of its 11% debenture bonds, due 2025, for $392,000 cash.

iv. Purchased a patent for $220,000 cash.

v. Paid $120,000 toward a long-term loan.

vi. Sold long-term investments which cost $750,000 for a gain of $46,000.

Required -

a. Prepare the investing section of the Statement of Cash Flows.

b. Prepare the financing section of the Statement of Cash Flows.

c. Prepare a Schedule of Noncash Investing and Financing Transactions, if necessary.