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Mountain Sports Incorporated is a Washington - based clothing and ski / skate accessories retailer. In a recent quarter, it reported the following activities:
Mountain Sports Incorporated is a Washingtonbased clothing and skiskate accessories retailer. In a recent quarter, it reported the following activities:
tableNet income,$Purchase of equipment,Borrowings under line of credit bankProceeds from issuance of common stock,Cash received from customers,Payments to reduce notes payable longtermProceeds from sale of marketable securitiesPurchase of marketable securitiesIncome taxes paid,
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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