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Carla Vista Corporation reported the following information (in thousands) at December 31, 2018: Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares
Carla Vista Corporation reported the following information (in thousands) at December 31, 2018: Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings 2018 $ 25 210 400 640 710 2017 $ 5 210 275 470 595 Additional information: 1. 2. 3. 4. The bank loan was increased by additional borrowings of $400 to partially finance the purchase of new equipment that cost $580. The bank loan was decreased by repayments. Common shares were issued during the year. None were reacquired. Dividends were paid during the year. Net income for the year was $450. Prepare the financing activities section of Carla Vista 's statement of cash flows for the year. parenthesis e.g. (15,000).) CARLA VISTA CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2018 - Financing activities T Payment of cash dividends | Repayment of bank loan payable - T Issue of common shares 170 Net cash used by financing activities A
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