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Net income was $471,000. Issued common stock for $78,000 cash. Paid cash dividend of $15,000. Paid $120,000 cash to settle a long-term notes payable at
- Net income was $471,000.
- Issued common stock for $78,000 cash.
- Paid cash dividend of $15,000.
- Paid $120,000 cash to settle a long-term notes payable at its $120,000 maturity value.
- Paid $122,000 cash to acquire its treasury stock.
- Purchased equipment for $88,000 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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