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a. Net income was $475,000. b. Issued common stock for $75,000 cash. c. Paid cash dividend of $18,000. d. Paid $105,000 cash to settle a

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a. Net income was $475,000. b. Issued common stock for $75,000 cash. c. Paid cash dividend of $18,000. d. Paid $105,000 cash to settle a long-term notes payable at its $105,000 maturity value. e. Paid $118,000 cash to acquire its treasury stock. f. Purchased equipment for $87,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities Purchased treasury stock Paid cash dividend Repaid long-term notes payable $ 118,000 18,000 105,000 0 $ 241,000

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