Dirtbikes, Inc., identified the following selected

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E14-22 Identifying and reporting noncash transactions [15 min]
Dirtbikes, Inc., identified the following selected transactions that occurred during 2012

a. Issued 1,250 shares of $2 par common stock for cash of $26,000.
b. Issued 5,500 shares of $2 par common stock for a building valued at $101,000.
c. Purchased new company truck with FMV of $28,000. Financed it 100% with a long-term note.
d. Paid short-term notes of $23,000 by issuing 2,400 shares of $2 par common stock.
e. Paid long-term note of $10,500 to Bank of Tallahassee. Issued new long-term note of $21,000 to Bank of Trust.

Requirement
1. Identify any noncash transactions that occurred during the year and show how they would be reported in the noncash section of the cash flow statement.