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Hayashi, Inc. earned net income of $450,000 in 20x2. Hayashi provided the following information: Hayashi, Inc. Comparative Balance Sheets At December 31, 20X1 and 20X2
Hayashi, Inc. earned net income of $450,000 in 20x2. Hayashi provided the following information: Hayashi, Inc. Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Bonds payable Mortgage payable Common stock 315,000 50,000 187,500 140,000 187,500 140,000 912,500 1,162,500 Paid-in capital in excess of par Retained earnings Required: Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow
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