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Net income was $471,000. Issued common stock for $74,000 cash. Paid cash dividend of $16,000. Paid $120,000 cash to settle a note payable at its
Net income was $471,000.
Issued common stock for $74,000 cash.
Paid cash dividend of $16,000.
Paid $120,000 cash to settle a note payable at its $120,000 maturity value.
Paid $122,000 cash to acquire its treasury stock.
Purchased equipment for $93,000 cash.
Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
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