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Sally Corporation is a manufacturer of home furnishings. Selected financial information about Sally is listed below: Retired outstanding bonds of the corporation in the amount
Sally Corporation is a manufacturer of home furnishings. Selected financial information about Sally is listed below: Retired outstanding bonds of the corporation in the amount of $150,000 from a bank. Purchased equipment for $200,000 in cash. Liquidated marketable securities for $485,000. Depreciation expense for period was $180,000 Net income for the period was $654,000. Paid dividends of $165,000. Paid interest expense of $96,000. Paid selling and administrative expenses of $280,000 over the year. Sold land for $120,000 cash. Paid administrative expenses of $360,000 over the year. Inventories decreased from $100,000 to $80,000 over the year. Accounts payable decreased from $150,000 to $120,000 over the year. Accounts receivables decreased from $100,000 to $80,000 over the year. Issued bonds (raising long term debt) $600,000 in long term debt over the year. Had depletion charges of $80,000 over the year. DOO Some of the above information does not belong on the cash flow statement. For the items that do belong, please sort these items into the three sections and calculate the total for each section below: Cash to or from operations: a. b. Cash to or from investing activities: c. Cash to or from financing activities
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