Statement of cash flows; investing and financing activities Refer to the situation described in BE 4-13. Prepare the cash flows from investing and financing activities

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Statement of cash flows; investing and financing activities

Refer to the situation described in BE 4-13. Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows.

In BE 4-13, The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC):

Cash Received from:

Customers ........ $660,000

Interest on note receivables .. 12,000

Collection of note receivable . 100,000

Sale of land ......... 40,000

Insurance of common stock .. 200,000

Cash paid for:

Interest on note payable ..... 18,000

Purchase of equipment ..... 120,000

Operating expenses ..... 440,000

Dividends to shareholders ... 30,000