ABC Manufacturing Inc.
Income Statement
Year Ended December 31, 20X4
Sale			$	200,000
Cost of goods sold			$	120,000
Gross Profit			$	80,000
Operating Expenses	$	40,000
Loss on Sale of equipment	$	2,000	$	42,000
Profit from Operations			$	38,000
Other expenses
Interest Expense			$	2,000
Profit before Income Tax			$	36,000
Income Tax Expense			$	8,000
Profit			$	28,000

ABC Manufacturing Inc. comparative balance sheet at December 31

	20X4			20X3
Cash	$	4,500		$	4,300
Accounts Receivable	$	72,000		$	6,500
Inventory	$	110,000		$	140,000
Prepaid Expenses	$	1,550		$	1,020
Equipment	$	98,000		$	100,000
Accumulated Depreciation - equipment	$	(50,000	)	$	(42,000	)
Total Assets	$	236,050		$	209,820
Account Payable	$	15,330		$	9,900
Interest Payable	$	510		$	10
Income taxes payable	$	10,800		$	9,500
Dividends Payable	$	1,800		$	3,800
Long-term Notes Payable	$	50,000		$	65,000
Common shares	$	130,000		$	120,000
Retained Earnings	$	27,610		$	1,610
Total Liabilities & Shareholders' Equity	$	236,050		$	209,820

Additional Information:

Operating expenses include depreciation expense of $10,000

Accounts Payable related to the purchase of inventory

Equipment that cost $8,000 was sold at a loss of $2,000

New equipment was purchased during the year for $6,000

Dividends declared and paid in 20X4 totaled $2,000

Common shares were sold for $10,000 cash

Interest payable in 20X4 was $500 greater than interest payable in 20X3

What is the Net Cash provided (used) by financing activities when the indirect method to prepare cash flow statements is use? Assume the company uses ASPE.

Multiple Choice

None of the other alternatives are correct

($5,000)

($9,000)

($15,000)

($17,000)