Clanunit Inc.$\text{'}$s policy is to report all cash flows arising from interest and dividends in the operating section. Clanunit's activities for the year ended December $31,2023,$ included the following:

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Requirements

a$.$ Prepare the cash flows from the financing activities section of the statement of cash flows.

b$.$ Identify how the activities listed above that are not financing activities would be reported in the statement of cash flows assuming that the statement is prepared using the indirect method.

Requirement a$.$ Prepare the cash flows from the financing activities section of the statement of cash flows. $($Use parentheses or a minus sign for cash outflow or for net cash used in financing

activities. Leave any unused cells blank.$)$

Clanunit Inc.

Statement of Cash Flows $($partial$)$

For the year ended December $31,2023$

Cash flow from financing activities

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Declared and issued a stock dividend valued at $$85,000.$

Paid $$52,000$ to repurchase ordinary shares and cancelled them. The

book value was $$44,000.$

Accounts payable increased $$29,000$ during the year.

Issued $$3,000,000$ in bonds. The cash proceeds were $$2,920,000.$

Interest expense for the period was $$19,000.$ The interest payable account

decreased $$10,000.$

Made a $$120,000$ principal payment on a bank loan.

Declared a $$35,000$ cash dividend payable on January $15,2024.$Clanunit $$Inc$.\text{'}$s policy is to report all cash flows arising from interest and dividends in the operating section. Clanunit's activities for the year ended December$31,2023,$ included the$$ following:

LOADING...$($Click the icon to view the$$ transactions.$)$

Requirements

a$.$

Prepare the cash flows from the financing activities section of the statement of cash flows.

b$.$

Identify how the activities listed above that are not financing activities would be reported in the statement of cash flows assuming that the statement is prepared using the indirect method.