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Cullumber Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 $ 10 $ 15 240 240 Dividends payable Bank loan payable-current
Cullumber Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 $ 10 $ 15 240 240 Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings 440 350 620 440 760 585 Additional information: 1. 2. The bank loan was increased by additional borrowings of $340 to partially finance the purchase of new equipment that cost $520. The bank loan was decreased by repayments. Common shares were issued during the year. None were repurchased. The company paid dividends during the year. Net income for the year was $490. 3. 4. 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).)
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