question 4

Below is selected information for Martinez Inc. for December 31. During 2022, a new mortgage loan for $80,000 was received and principal payments of $7,000 were made throughout the year. Net income was $82,000 and dividends declared were fully paid in 2022. Prepare the financing activity section of the statement of cash flows for the year ended December 31, 2022. (Show amounts that decrease cash flow with either a - sign e.g. 45,000 or in parenthesis e.g. (45,000).) Below is selected information for Martinez Inc. for December 31. During 2022, a new mortgage loan for $80,000 was received and principal payments of $7,000 were made throughout the year. Net income was $82,000 and dividends declared were fully paid in 2022. Prepare the financing activity section of the statement of cash flows for the year ended December 31, 2022. (Show amounts that decrease cash flow with either a - sign e.g. 45,000 or in parenthesis e.g. (45,000).)