Question
Berry Corporation reported the following cash transactions for last year. Issued common stock at $72 per share $180,000 Paid dividends to stockholders at year end
Berry Corporation reported the following cash transactions for last year.
Issued common stock at $72 per share
$180,000
Paid dividends to stockholders at year end
60,000
Received dividends from investments in other companies
32,000
Purchased bonds issued by City of Metropolis
50,000
Borrowed money from City Bank
25,000
Made payment to City Bank on loan
4,000
Purchased office equipment
12,000
Received interest payment on City of Metropolis bonds
2,000
Required:
a.Prepare the investing section of Berry's statement of cash flows.
b.Prepare the financing section of Berry's statement of cash flows.
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