Company: AT&T Inc.

AT&T Inc. had the following transactions in January 2025:

• Issued 460,000 shares of common stock for $470 per share.
• Purchased equipment for $50,000,000, paying $20,000,000 in cash and signing a note for the balance.
• Declared and paid dividends of $9,500,000.

Record the journal entries for these transactions and show how they would affect the cash flow statement.