ANSWERS TO QUESTIONS

Sale of land and building $181,000 Purchase of land (37,000) Purchase of equipment (53,000) Net cash provided by investing activities $ 91,000 BRIEF EXERCISE 5-15 Issuance of common stock $147,000 Purchase of treasury stock (40,000) Payment of cash dividend (85,000) Retirement of bonds (100,000) Net cash used by financing activities $ (78,000) ................
................