Fact Pattern: Karr, Inc. reported net income of $300,000 for the current year. Changes occurred in several balance sheet accounts as follows: Equipment $25,000 increase Accumulated depreciation 40,000 increase Note payable 30,000 increase Additional information: During the current year, Karr sold equipment costing $25,000, with accumulated depreciation of $12,000, for a gain of $5,000. In December of the current year, Karr purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000. In Karr's current-year statement of cash flows, net cash provided by operating activities should be $340,000 B $347,000 $352,000 D $357,000 Submit Question 27 Unanswered. Due on Nov 4, 11:59 PM A company reports the following information for Year 1: Sale of equipment $20,000 Issuance of the company's bonds 10,000 Dividends paid 5,000 Purchase of stock of another company 2,000 Purchase of U.S. Treasury note 2,000 Income taxes paid 2,000 Interest income received 500 What is the company's net cash flow from financing activities? A $19,000) B $5,000 $5,500 D $15,000 Submit