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Required: Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted
Required: Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.) TREFOIL COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2016 Cas ows from Investing Activities: Cash Flows from Financing Activities: $ 0 $ 0 Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended December 31, 2016, it reported the following activities: Net income Purchase of equip ent Payments on notes sayable to bank Net proceeds from stock issuance Depreciation Proceeds from sa of equipment Decrease in acco its receivable Payments to acque treasury stock $34,775 11,900 675 3,406 25,100 1,060 41,100 1,650 Required: Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.)
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