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Net income was $475, 000. Issued common stock for $78, 000 cash. Paid cash dividend of $14, 000. Paid $110, 000 cash to settle a
Net income was $475, 000. Issued common stock for $78, 000 cash. Paid cash dividend of $14, 000. Paid $110, 000 cash to settle a note payable at its $110, 000 maturity value. Paid $121, 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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