Refer to Under Armour’s statement of cash flows for the year ended December 31, 2011, as reproduced at the end of the book. Required 1. What amount did the company spend on purchases of property and...

Refer to Under Armour’s statement of cash flows for the year ended December 31, 2011, as reproduced at the end of the book.

Required

1. What amount did the company spend on purchases of property and equipment during the year? Prepare the journal entry to record these purchases.

2. What amount did the company pay to retire long-term debt during the year? Prepare the journal entry to record the payment.