The following is a complete list of transactions in relation to Porsy Ltd's financing and investing activiites: during the financial year ended 30 June 2020: 1. Issued shares for cash,

$1 000 000. 2. Purchased land to be held for future expansion for $900 000 cash. 3. Paid off a long-term $360 000 loan plus interest of $32 000. 4. Sold for $480 000 used vehicles and made a gain of $280 000. 5. Paid cash dividends of $220 000. 6. Purchased machinery factory, giving $120 000 cash and signing a loan to finance this purchase for$400 000.