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Orange Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year: 1. Long-Term Notes Payable,
Orange Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year: 1. Long-Term Notes Payable, beginning balance, $84,000 2. Long-Term Notes Payable, ending balance, $75,000 3. Common Stock, beginning balance, $3600 4. Common Stock, ending balance, $30,000 5. Retained Earnings, beginning balance, $76,000 6. Retained Earnings, ending balance, $118,000 7. Treasury Stock, beginning balance, $5400 8. Treasury Stock, ending balance, $10,600 9. No stock was retired. 10. No treasury stock was sold. 11. During the year, the company repaid $35,000 of long-term notes payable. 12. During the year, the company borrowed $26,000 on new long-term notes payable. 13. Net income for the year was $50,000. 14. Assume all dividends declared during the year were paid. What is the net cash provided by financing activities? 0 $21,200 O ($9000) 0 $4200 0 $13,200
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