Question
Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income$5,144Purchase of property, plant, and equipment1,075Borrowings
Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:
Net income$5,144Purchase of property, plant, and equipment1,075Borrowings under line of credit (bank)1,135Proceeds from issuance of stock15Cash received from customers37,182Payments to reduce long-term debt48Sale of marketable securities222Proceeds from sale of property and equipment6,880Dividends paid292Interest paid103Purchase of treasury stock (stock repurchase)2,578
Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.(List cash outflows as negative amounts.)
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