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Cullumber Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 $ 20 $ 10 Dividends payable Bank loan payable-current portion Bank
Cullumber Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 $ 20 $ 10 Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion 290 290 500 255 Common shares 640 480 Retained earnings 720 535 Additional information: 1. 2. The bank loan was increased by additional borrowings of $ 340 to partially finance the purchase of new equipment that cost $ 540. 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 $ 440. 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).) CULLUMBER CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Financing activities $
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