Cash Flows from Financing Activities Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided...

Transcribed Image Text:

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 Bonds payable 20X2 - 305,000 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. 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 Bonds payable 20X2 - 305,000 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.