The Gopher Company's Transactions During 2015 Included the Following

question 9

Essay

The Gopher Company's transactions during 2015 included the following:
• Paid cash dividends totaling $1,200,000.
• Paid $900,000 cash toward a long-term note payable.
• Issued common stock in exchange for a building valued at $750,000.
• Issued bonds with a maturity value of $2,000,000 in exchange for $1,950,000 cash.
• Paid $50,000 cash for bond interest.
• $2,250 of bond discount amortization was recorded.
• Issued preferred stock for $250,000 cash.
• A long-term stock investment with a book value of $79,000 was sold for $123,000 cash.
• Sold equipment for cash;the equipment's book value at the time of sale was $90,000 and the sale resulted in a $15,000 loss.
Required:
1.Determine the net cash flow from investing activities for 2015.
2.Determine the net cash flow from financing activities for 2015.

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Definitions:

Tracheal Tubes

The system of small tubes in insects and some other arthropods that carry air directly to tissues from openings in the exoskeleton.

Body Surface

Refers to the external part or skin of an organism, serving as a protective barrier and interface with the environment.

Salamanders

A group of amphibians characterized by their lizard-like appearance, moist skin, and ability to regenerate lost body parts.

Crustaceans

A diverse group of aquatic animals that have a hard exoskeleton, including species like crabs, lobsters, crayfish, and shrimp.