Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,200,000. The building included used but functional equipment. According to independent appraisals, the fair values were $3,240,000, $4,320,000, and $3,240,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be: Building Land Equipment a. $ 3,240,000 $ 4,320,000 $ 3,240,000 b. $ 3,240,000 $ 4,320,000 $ 540,000 c. $ 2,460,000 $ 3,280,000 $ 2,460,000 d. None of these answer choices are correct.

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: