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E12-15 Reporting Cash Flows from Investing and Financing Activities [LO 12-3, LO 12-4) Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent

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E12-15 Reporting Cash Flows from Investing and Financing Activities [LO 12-3, LO 12-4) Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net Income Purchase of equipment Borrowings under line of credit (bank) Proceeds from Issuance of common stock Cash received from customers Payments to reduce notes payable (long-tere) Sale of Investments Proceeds from sale of equipment Dividends paid Interest paid 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.) MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities

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