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Chec a. Net income was $470,000. b. Issued common stock for $78,000 cash. c. Paid cash dividend of $15,000 d. Paid $125,000 cash to settle

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Chec a. Net income was $470,000. b. Issued common stock for $78,000 cash. c. Paid cash dividend of $15,000 d. Paid $125,000 cash to settle a note payable at its $125,000 maturity value e. Paid $118,000 cash to acquire its treasury stock. 1. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities

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