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.
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