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Net income was $474,000. Issued common stock for $76,000 cash. Paid cash dividend of $16,000. Paid $100,000 cash to settle a long-term notes payable at
Net income was $474,000. Issued common stock for $76,000 cash. Paid cash dividend of $16,000. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. Paid $121,000 cash to acquire its treasury stock. Purchased equipment for $93,000 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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