Common stock transactions on the statement of cash flows Jones Industries received $600,000 from issuing shares of its common stock and $400,000 from issuing bonds. During the year, Jones Industries also paid dividends of $60,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank. Transactions Action Amount Cash received from issuing common stock Cash received from issuing bonds Cash paid for dividends Free cash flow Dillin Inc. reported the following on the company's statement of cash flows in 20Y2 and 20Y1: 20Y2 20Y1 Net cash flow from operating activities $477,000 $454,600 Net cash flow used for investing activities (430,000) (377,000) Net cash flow used for financing activities (40,000) (59,000) Eighty percent of the net cash flow used for investing activities was used for the purchase of property, plant, and equip a. Determine Dillin's free cash flow for both years. 20Y2 2011 Free cash flow $ b. Has Dillin's free cash flow improved or declined from 20Y1 to 20Y2