Exercise 11-13 (Algo) Calculate financing cash flows (LO11-5) Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $406,000 was sold for $506,000. b. Additional common stock was issued for $166,000. c. Dristell purchased its own common stock as treasury stock at a cost of $78,000. d. Land was acquired by issuing a 6%, 10-year, $756,000 note payable to the seller. e. A dividend of $46,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $126,000. g. New equipment was purchased for $68,000. h. A $93,000 note payable issued three years ago was paid in full. i. A loan for $106,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.) DRISTELL INCORPORATED Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from financing activities: Net cash flows from financing activities

Exercise 11-13 (Algo) Calculate financing cash flows (LO11-5) Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $406,000 was sold for $506,000. b. Additional common stock was issued for $166,000 c. Dristell purchased its own common stock as treasury stock at a cost $78,000. d. Land was acquired by issuing a 6%,10-year, $756,000 note payable to the seller. e. A dividend of $46,000 was paid to shareholders. 1. An investment in Fleet Corporation's common stock was made for $126,000. 9. New equipment was purchased for $68,000. h. A $93,000 note payable issued three years ago was paid in full. i. A loan for $106,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10\% interest within 18 months. Required: Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.)