a. Net Income was $475,000. b. Issued common stock for $79,000 cash c. Pald cash dividend of $13,000. d. Pald $120,000 cash to settle a long-term notes payable at its $120,000 maturity value. e. Pald $118,000 cash to acquire its treasury stock 1. Purchased equipment for $85,000 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