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Cash Flows from Financing Activities Murray Company earned net income of $450,000 in 20x2. Murray provided the following information Murray Company Comparative Balance Sheets At
Cash Flows from Financing Activities Murray Company earned net income of $450,000 in 20x2. Murray provided the following information Murray Company Comparative Balance Sheets At December 31, 20X1 and 20x2 20x1 20X2 Bonds payable $ 245,000 Mortgage payable 50,000 Common stock 187,500 187,500 140,000 140,000 Paid-in capital in excess of par Retained earnings Required: 912,500 1,162,500 Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow. $5,000 x
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