< > my|HAC... D2L Chapter... Access... m my|HAC... Tutor.co... ehacc.hacc.edu ChatGPT (21) Indi... S How to... C Home -... M Inbox (6... M Your qu... 26. Financing Activities Section. The following information is from the noncurrent liabilities and owners' equity portions of Flash, Inc.'s balance sheet. Long-term notes payable Bonds payable Common stock Retained earnings The following activities occurred during 2020: Paid principal amount of $20,000 for long-term notes payable Received $110,000 for long-term notes payable Repurchased common stock for $60,000 cash Paid principal amount on bonds totaling $33,000 Earned net income totaling $200,000 December 31 2020 2019 $350,000 $260,000 54,000 87,000 350,000 410,000 880,000 720,000 Paid cash dividends totaling $40,000 Required: 1. Prepare the financing activities section of the statement of cash flows for Flash, Inc., for the year ended December 31, 2020. Use the format presented in Figure 6.6 "Financing Activities Section of Statement of Cash Flows (Home Store, Inc.)". 2. How much cash was provided by (used by) financing activities? Briefly describe what this amount tells us about the company. + C Decem...