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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 $ 5,035 Purchase of equipment
Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:
Net income | $ | 5,035 | ||
Purchase of equipment | 961 | |||
Borrowings under line of credit (bank) | 1,507 | |||
Proceeds from issuance of common stock | 20 | |||
Cash received from customers | 30,064 | |||
Payments to reduce notes payable (long-term) | 55 | |||
Sale of investments | 143 | |||
Proceeds from sale of equipment | 7,494 | |||
Dividends paid | 286 | |||
Interest paid | 99 | |||
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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