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11. Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income $ 5,153 Purchase of

11. Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:

Net income $ 5,153
Purchase of property, plant, and equipment 1,086
Borrowings under line of credit (bank) 1,126
Proceeds from issuance of stock 23
Cash received from customers 37,173
Payments to reduce long-term debt 65
Sale of marketable securities 229
Proceeds from sale of property and equipment 6,892
Dividends paid 287
Interest paid 96
Purchase of treasury stock (stock repurchase) 2,565

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