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E12-15 (Algo) Reporting Cash Flows from Investing and Financing Activities [LO 12-3, LO 12-4] Modern Movables Incorporated is a Washington-based clothing and ski/skate accessories retailer.
E12-15 (Algo) Reporting Cash Flows from Investing and Financing Activities [LO 12-3, LO 12-4] Modern Movables Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income Purchase of equipment Borrowings under line of credit (bank). Cash received from customers Proceeds from issuance of common stock Payments to reduce notes payable (long-term) Proceeds from sale of marketable securities Purchase of marketable securities Income taxes paid $ 1,815 9,106 29,272 471 421,248 24,278 41,245 35,091 7,407 3,541 Other fixed assets purchased with promissory notes Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.)
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