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ABC Corporation provides the following information about certain cash activities in the year 2020. Bands payable redeemed at maturity: $250,000 Inventory purchased: 5616,000 Land purchased:
ABC Corporation provides the following information about certain cash activities in the year 2020. Bands payable redeemed at maturity: $250,000 Inventory purchased: 5616,000 Land purchased: $295,000 Machinery sold at a loss of $5,000: 578,000 $1 par value Common Stock issued at $20/share: $368,000 Dividends Paid: 545,000 Wages paid: $425,000 Using the direct method, prepare the cash flows from investing activities and Cash flows from financing activities sections of ABC's statement of cash flows for 2020. Remember that cash inflows are positive numbers and cash outflows are negative numbers, so use either a negative sign or parentheses around the number for cash outflows. If there are more lines than you need in the template below, leave the unneeded lines blank or enter N/A Cash flows from investing activities Net cash provided (used) by investing activities Cash flows from financing activities Net cash provided (used) by financing activities
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