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Current Attempt in Progress On January 1, 2023, Sheffield Ltd. had a balance of $1,298,000 in its retained earnings account, and $1,219,000 in common shares.
Current Attempt in Progress On January 1, 2023, Sheffield Ltd. had a balance of $1,298,000 in its retained earnings account, and $1,219,000 in common shares. During the year, Sheffield earned net income of $590,000. Sheffield's December 31, 2023 balance for retained earnings was $1,873,000, and for common shares was $1,434,000. There were no dividends unpaid at the beginning or the end of the year. Prepare the financing activities section of Sheffield's statement of cash flows. (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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