Cullumber Corporation reported the following information (in thousands) at December 31, 2021: Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings 2021 $ 15 240 2020 $ 10 240 350 440 585 440 620 760 Additional information: 1. 2 3. 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 $490. 4. Prepare the financing activities section of Cullumber's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.3.-15,000 or in parenthesises. (15,000).) CULLUMBER CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Financing activities $ Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $520 by paying $180 cash and issuing a $ bank loan payable