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Eng Corporation, a private corporation reporting under ASPE, had the following transactions: Complete the table below for each of

the following requirements. The first one has been done for you as an example. $($Show amounts that decrease cash flow with either $a-$ sign

e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).$ Do not leave any answer field blank. Enter $0$ for amounts.$)$

$($a$)$ Classify each transaction as an operating activity, investing activity, financing activity, or noncash transaction.

$($b$)$

Specify whether the transaction represents a cash inflow, cash outflow, or has no effect on cash, and in what amount. If

there is no effect on cash, put $0$ under the $($b$)$ column.

$($a$)$

Transactions

Sold inventory for $$1,000$ cash.

$($i$)$

Purchased a machine for $$30,000.$ Made a $$5,000$ down

payment.

$($ii$)$ Issued a long$-$term note for the remainder.

Issued common shares for $$50,000.$

Collected $$16,000$ of accounts receivable.

Paid a $$25,000$ cash dividend.

Sold a long$-$term equity investment with a carrying value of

$$15,000$ for $$10,000.$

Sold $$200,000$ worth of bonds at par.

Paid $$18,000$ on accounts payable.

Purchased inventory for $$28,000$ on account.

Purchased a long$-$term investment in bonds for $$100,000.$

Sold equipment with a carrying amount of $$16,000$ for $$13,000.$

Paid $$12,000$ interest on long$-$term notes payable.

$($b$)$

Classification

Cash Inflow or Outflow

Operating

$$1,000$

$

$

$

$

$

$

$

Operating

$

Investing

$

$

$

$

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