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Net income was $468,000. Issued common stock for $80,000 cash. Paid cash dividend of $17,000. Paid $115,000 cash to settle a long-term notes payable at
- Net income was $468,000.
- Issued common stock for $80,000 cash.
- Paid cash dividend of $17,000.
- Paid $115,000 cash to settle a long-term notes payable at its $115,000 maturity value.
- Paid $120,000 cash to acquire its treasury stock.
- Purchased equipment for $86,000 cash.
Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
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