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Rogerson Company's comparative balance sheet as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing activities: 20-2 20-1 Building
Rogerson Company's comparative balance sheet as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing activities: 20-2 20-1 Building Equipment Notes payable Common stock at par Paid-in capital in excess of par $130,000 $0 90,0000 30,000 20,000 300,000 250,000 80,000 50,000 260,000 200,000 Retained earnings Net income for 20-2 was $90,000, and cash dividends of $30,000 were declared and paid. Rogerson did not sell any buildings or equipment and did not retire any debt. Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogerson's statement of cash flows for the year ended December 31, 20-2. Rogerson Company Statement of Cash Flows (Partial) For the Year Ended December 31, 20-2 Cash flows from investing activities: Purchased building Purchased equipment Total cash used by investing activities Cash flows from financing activities: Issued notes payable Issued common stock Paid cash dividends Net cash provided by financing activities
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