Exercise 12-9 Cash flows from financing activities LO P3

1. Net income was $466,000.
2. Issued common stock for $72,000 cash.
3. Paid cash dividend of $16,000.
4. Paid $130,000 cash to settle a note payable at its $130,000 maturity value.
5. Paid $121,000 cash to acquire its treasury stock.
6. Purchased equipment for $89,000 cash.

Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)