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Exercise 12-8 Cash flows from financing activities LO P3 a. Net income was $476,000 b. Issued common stock for $76,000 cash. c. Paid cash dividend

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Exercise 12-8 Cash flows from financing activities LO P3 a. Net income was $476,000 b. Issued common stock for $76,000 cash. c. Paid cash dividend of $16,000. d. Paid $125,000 cash to settle a note payable at its $125,000 maturity value. e. Paid $119,000 cash to acquire its treasury stock. f. Purchased equipment for $90,000 cash. Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities

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