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Modern Movables Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income Purchase of
Modern Movables Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income Purchase of equipment Borrowings under line of credit (bank) Cash received from customers Proceeds from issuance of common stock Payments to reduce notes payable (long-term) Proceeds from sale of marketable securities Purchase of marketable securities Income taxes paid $ 1,775 9,066 29,232 431 421,168 24,238 41,205 35,051 7,367 3,501 Other fixed assets purchased with promissory notes 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.) MODERN MOVABLES INCORPORATED Statement of Cash Flows (Partial) Cash Flows from Investing Activities: $ 0 Cash Flows from Financing Activities: $ 0
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