$17-9 Techno Toys Ltd. had the following comparative balance sheet: TECHNO TOYS LTD. Balance Sheet December 31, 2020 and 2019 Assets 2020 2019 Liabilities 2020 2019 Current assets Current liabilities $ 57,000 $ 48,000 Accounts payable $141,000 $126,000 Cash Accounts receivable Salaries payable 69,000 63,000 162,000 240,000 144,000 232,000 Inventory Accrued liabilities 24,000 33,000 Prepaid expenses 9,000 6,000 Long-term notes payable 198,000 204,000 Long-term investments 225,000 270,000 Shareholders' Equity Common shares Property, plant, and 120,000 111,000 575,000 Retained earnings 816,000 738,000 equipment, net Total assets 675,000 $1,368,000 $1,275,000 Total liab, and shareholders' equity $1,368,000 $1,275,000 Compute the following: a. New borrowing or payment of long-term note payable, with Techno having only one long-term note payable transaction during the year. b. Issuance of common shares, with Techno having only one common share transaction during the year. c. Payment of cash dividends. Net income for the year ended December 31, 2020, was $120,000. 4 Computing financing cash flows c. Dividends, $42,000