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Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net income $ 3,335 Purchase of equipment
Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: |
Net income | $ | 3,335 | |
Purchase of equipment | 791 | ||
Borrowings under line of credit (bank) | 1,337 | ||
Proceeds from issuance of common stock | 29 | ||
Cash received from customers | 28,364 | ||
Payments to reduce notes payable (long-term) | 38 | ||
Sale of investments | 126 | ||
Proceeds from sale of equipment | 5,794 | ||
Dividends paid | 269 | ||
Interest paid | 82 | ||
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Required: | |||||||||||||||||||||||||||||||||||||||||||||
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.(Amounts to be deducted should be indicated with a minus sign.)
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