Question 16

Vancouver Canucks Company provided the following condensed information regarding cash flows: 2021 $ Liabilities & Shareholders' Equity Bank overdraft Accounts Payable Bank Loan Payable Common Shares Retained Earnings Total Liabilities and Shareholders equity 2022 15,000 $ 102,000 135,000 75,000 259,500 586,500 $ 67,500 154,500 90,000 219,000 531,000 - 2022 net income was $48,000 - $15,000 in new bank loans were received in 2022 - Dividends were declared and paid in 2022 $8,300 in new common shares were issued and some common shares were also repurchased and retired at the cost originally issued. Required - fill in the blanks with your answers for the following: a) How much was paid in Dividends in 2022? b) How much of the bank loan payable was paid off in 2022? c) What was the amount of cash paid to repurchase common shares in 2022