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Cash Flows from Financing Activities Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided the following information: Hayashi, Inc. Comparative Balance Sheets At

Cash Flows from Financing Activities

Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided the following information:

Hayashi, Inc. Comparative Balance Sheets At December 31, 20X1 and 20X2
20X1 20X2
Bonds payable $ 315,000
Mortgage payable 50,000
Common stock 187,500 187,500
Paid-in capital in excess of par 140,000 140,000
Retained earnings 912,500 1,162,500

Required:

Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow. $

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