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Red and Black Candy Company had the following cash flows for the current year. 1. Classify each of these cash flows as (O)perating, (Investing, or

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Red and Black Candy Company had the following cash flows for the current year. 1. Classify each of these cash flows as (O)perating, (Investing, or (F)inancing and as a (S)ource or (U)se. If a transaction is neither, classify it as N O, I, F SU Issued common stock for $400,000 Paid vendors $50,000 Received $82,000 from customers Redeemed $100,000 in bonds Sold equipment for $75,000 Sold investments for $50,000 Purchased inventory for $15,000 Paid $12,000 in dividends to shareholders. Issued bonds for $300,000 Bought supplies for $6,000 Purchased a building for $200,000 by issuing a mortgage Purchased machinery for $110,000. 2. Compute cash flows from investing activities. 3. Compute cash flows from financing activities

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