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Required information [The following information applies to the questions displayed below.) Gibraltar Industries is a Buffalo, New York-based manufacturer and distributor of building products for
Required information [The following information applies to the questions displayed below.) Gibraltar Industries is a Buffalo, New York-based manufacturer and distributor of building products for residential, industrial, infrastructure, renewable energy, and conservation markets. In a recent year, it reported the following activities: Acquisitions (investments in other companies) $( 109,248) Increase in inventories (10,101) Depreciation and amortization 26,181 Long-term debt reduction (76,658) Net cash provided by operating activities 46,695 Net income 16,523 Net proceeds from issuance of common stock 34 Net proceeds from sale of property and 1,226 equipment Proceeds from long-term debt 73,849 Proceeds from sale of equity investments 69,368 Purchases of property, plant, and equipment (11,552) Required: 1. Based on this information, present the investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.) GIBRALTAR INDUSTRIES Statement of Cash Flows (Partial) Cash flows from investing activities: Cash flows from financing activities
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