Question
Payton Place Industries, Inc., is a manufacturer of steel products for customers such as House Depot and Private Motors. In the year ended December
Payton Place Industries, Inc., is a manufacturer of steel products for customers such as House Depot and Private Motors. In the year ended December 31, it reported the following activities: Net income 26,999 Purchase of property, plant, and equipment 23,783 Payments on notes payable (bank) 198,250 Not proceeds from share issuance 605 Depreciation 37,120 Proceeds from sale of property, plant, and equipment Decrease in accounts receivable 30,185 16,680 Proceeds from notes payable (bank) 56,347 6,910 2,727 Payment of dividends Other financing cash outflows Required: 1. Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. Please upload your file to the mid-term drop box folder
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