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Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net income $ 3,635 Purchase of equipment

Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:

Net income $ 3,635
Purchase of equipment 821
Borrowings under line of credit (bank) 1,367
Proceeds from issuance of common stock 26
Cash received from customers 28,664
Payments to reduce notes payable (long-term) 41
Sale of investments 129
Proceeds from sale of equipment 6,094
Dividends paid 272
Interest paid 85

Required:

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

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(Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Purchase of Equipment $ (821) Proceeds from Sale of Equipment 6,094 Sale of Investments 129 $ 5,402 Net Cash Provided by Investing Activities Cash Flows from Financing Activities: Proceeds from Issuance of Common Stock Payment of Dividends Payments on Notes Payable (long-term) 26 (272) (41) Net Cash Provided by Financing Activities $ (287)

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