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Over the past year Company X experienced the following: raised $100,000 by issuing new common shares; had a net income of $210,000; bought
Over the past year Company " X " experienced the following: raised $100,000 by issuing new common shares; had a net income of $210,000; bought $750,000 of new equipment; had depreciation of $60,000; increased inventories \& accounts payable by $100,000 each; borrowed $220,000 from the bank; repaid a mortgage totaling $100,000; sold old equipment for $140,000. For the year, Company " X raised from Financing Activities the following amount of cash: $100,000 $220,000 $270,000 $120,000
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