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a. Net income was $468,000. b. Issued common stock for $75,000 cash. c. Paid cash dividend of $12,000. d. Paid $125,000 cash to settle

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a. Net income was $468,000. b. Issued common stock for $75,000 cash. c. Paid cash dividend of $12,000. d. Paid $125,000 cash to settle a long-term notes payable at its $125,000 maturity value. e. Paid $119,000 cash to acquire its treasury stock. f. Purchased equipment for $91,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. Statement of Cash Flows (partial) Cash flows from financing activities Issued common stock $ 75,000 Paid cash dividend Repaid long-term notes payable Purchased treasury stock 12,000 125,000 119,000 Net cash used in investing activities $331,000

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