Exercise 16-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $475,000. b. Issued common stock for $74,000 cash. c. Paid cash dividend of $16,000. d. Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value. e. Paid $119,000 cash to acquire its treasury stock. f. Purchased equipment for $92,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities Net income $ 475,000 175 000 13 < Prev 4 of 6 Next >