Chapter $12$ Homework

i

Oering's Furniture Corporation is a Virginia$-$based manufacturer of furniture. In a recent year, it reported the following activities:

$\backslash$table$[[$Net income,$$5,152],[$Purchase of property, plant, and equipment,$2,088],[$Borrowings under line of credit $($bank$),1,117],[$Proceeds from issuance of stock,$14],[$Cash received from customers,$37,175],[$Payments to reduce long$-$term debt,$55],[$Sale of marketable securities$,221],[$Proceeds from sale of property and equipment,$6890],[$Dividends paid,$295],[$Interest paid,$101],[$Purchase of treasury stock $($stock repurchase$),2,575]]$

Required:

Based on this information, present the investing and financing activities sections of the cash flow statement.

Note: List cash outflows as negative amounts.

$\backslash$table$[[$OERING$\text{'}$S FURNITURE CORPORATION$],[$Statement of Cash Flows $($Partial$)],[$Cash flows from investing activities:$],[$Purchase of property, plant, and equipment,$$,(2,088),],[$Sale of marketable securities$],[$Proceeds from sale of property, plant, and equipment,$6,890,],[0,],[0,],[,$$$,4,802],[$Cash flows from financing activities:$],[$Borrowings under line of credit$],[$Proceeds from issuance of stock$],[$Payments on long$-$term debt$],[$Payment of dividends$],[$Purchase of treasury stock$],[,0,],[,0,],[,,$$$]]$