Payton Place Industries, Inc. is a manufacturer of steel products for customers such as House Depot and Private Motors. In the year ended December 31, 2017, it reported the following activities:

Required:

1. Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement.

2. Referring to your response to requirement 1, comment on whether you think Payton?s cash flows are typical of a healthy or a struggling company.

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Net income Purchase of property, plant, and equipment Payments on notes payable (bank) Net proceeds from share issuance Depreciation $ 24,068 21,595 184,937 Proceeds from sale of property, plant, and equipment Decrease in accounts receivable Proceeds from notes payable (bank) Payment of dividends Other financing cash outflows $28,669 12,273 53,439 5,985 1,694 250 33,907