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5.) Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended

5.) Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended December 31, 2016, it reported the following activities:

Net income $ 33,475
Purchase of equipment 10,600
Payments on notes payable to bank 350
Net proceeds from stock issuance 3,328
Depreciation 23,800
Proceeds from sale of equipment 930
Decrease in accounts receivable 39,800
Payments to acquire treasury stock 1,670

Required:

Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. image text in transcribed

TREFOIL COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2016 Cash Flows from Investing Activities: Cash Flows from Financing Activities

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