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Purchased common stock in morceau company

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Reference no: EM13957031

During 2011, Damon Company had the following transactions:

1. Purchased $200,000 of 10-year bonds issued by Gallant, Inc
2. Purchased common stock in Morceau Company, as a long-term investment, for $60,000.
3. Acquired land valued at $200,000 in exchange for one of Damon's warehouses.
4. Sold equipment with original cost of $70,000 for $35,000; accumulated depreciation on the equipment sold was $40,000.
5. Purchased new equipment for $60,000.

Required:

Prepare the investing section of the statement of cash flows. 

Reference no: EM13957031

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