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Oerings Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income $ 5,152 Purchase of property,
Oerings Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: |
Net income | $ | 5,152 |
Purchase of property, plant, and equipment | 1,088 | |
Borrowings under line of credit (bank) | 1,119 | |
Proceeds from issuance of stock | 11 | |
Cash received from customers | 37,175 | |
Payments to reduce long-term debt | 50 | |
Sale of marketable securities | 233 | |
Proceeds from sale of property and equipment | 6,887 | |
Dividends paid | 296 | |
Interest paid | 96 | |
Purchase of treasury stock (stock repurchase) | 2,568 | |
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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