Cullumber Corporation reported the following information (in thousands) at December 31, 2024: 2024 2023 Dividends payable $25 $10 Bank loan payable-current portion 270 270 Bank loan payable-non-current portion 420 265 Common shares 660 430 Retained earnings 740 600 Additional information: 1. The bank loan was increased by additional borrowings of $380 to partially finance the purchase of new equipment that cost $560. The bank loan was decreased by repayments. 2. Common shares were issued during the year. None were repurchased. 3. The company paid dividends during the year. 4. Net income for the year was $480. Prepare the financing activities section of Cullumber's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Issue of Common Shares Payment of Cash Dividends Repayment of Bank Loan Payable CULLUMBER CORPORATION Statement of Cash Flows (Partial) ($ in thousands) For the Year Ended December 31, 2024 Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $560 by paying $180 cash and issuing a $ bank loan payable.