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Exercise 12-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $474,000. b. Issued common stock for $72,000 cash. c. Paid cash

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Exercise 12-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $474,000. b. Issued common stock for $72,000 cash. c. Paid cash dividend of $11,000. d. Paid $105,000 cash to settle a long-term notes payable at its $105,000 maturity value. e. Paid $122,000 cash to acquire its treasury stock. f. Purchased equipment for $89,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducte minus sign.)

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