Cash Flows from Investing and Financing Activities

Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogersons statement of cash flows for the year ended December 31, 20-2. Use a minus to indicate any decreases in cash or cash outflows.

Rogerson Companys comparative balance sheet as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing activities:

	20-2		20-1
Building		$130,000		$0
Equipment		90,000		0
Notes payable		30,000		20,000
Common stock at par		300,000		250,000
Paid-in capital in excess of par		80,000		50,000
Retained earnings		260,000		200,000

Net income for 20-2 was $90,000, and cash dividends of $30,000 were declared and paid. Rogerson did not sell any buildings or equipment and did not retire any debt.