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Gibraltar Industries, Incorporated, is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended

Gibraltar Industries, Incorporated, is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended December 31, 2018, it reported the following activities (amounts in thousands):

Net income $ 63,800
Purchase of equipment 17,700
Payments on notes payable to bank 400
Net proceeds from stock issuance 1,400
Depreciation 20,370
Proceeds from sale of equipment 3,150
Decrease in accounts receivable 9,700
Payments to acquire treasury stock 7,200

Required:

Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.)

GIBRALTAR INDUSTRIES, INCORPORATED
Statement of Cash Flows (Partial)
For the Year Ended December 31, 2018
Cash Flows from Investing Activities:
Purchase of Equipment
Proceeds from Sale of Equipment
$0
Cash Flows from Financing Activities:
Net Proceeds from Stock Issuance
Payments on Notes Payable to Bank
Payments to Acquire Treasury Stock
$0

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