State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
- Retired $340,000 of bonds, on which there was $3,400 of unamortized discount, for $354,000.
- Sold 12,000 shares of $20 par common stock for $46 per share.
- Sold equipment with a book value of $58,900 for $84,800.
- Purchased land for $301,000 cash.
- Purchased a building by paying $94,000 cash and issuing a $120,000 mortgage note payable.
- Sold a new issue of $220,000 of bonds at 99.
- Purchased 5,400 shares of $45 par common stock as treasury stock at $88 per share.
- Paid dividends of $1.50 per share. There were 21,000 shares issued and 3,000 shares of treasury stock.
| Effect | Amount | |
| a. | Cash payment | $ |
| b. | Cash receipt | $ |
| c. | Cash receipt | $ |
| d. | Cash payment | $ |
| e. | Cash payment | $ |
| f. | Cash receipt | $ |
| g. | Cash payment | $ |
| h. | Cash payment | $ |
