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Sandhill Homes engaged in the following activities during the year: Borrowed $650,000 from Marshall Bank Declared and paid dividends on common stock of $28,000 Made
Sandhill Homes engaged in the following activities during the year: Borrowed $650,000 from Marshall Bank Declared and paid dividends on common stock of $28,000 Made a $77,000 annual principal payment on a 10-year loan from Cardinal National Bank Purchased 11,000 shares of Sandhill Homes stock for $150,000 Prepare the cash flows provided by financing activities section of Sandhill Homes' statement of cash flows. (Show amounts that decrease cash flow with either a sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Cash flows from financing activities Net cash by financing activities Cash flows from financing activities Purchase of treasury stock Sale of equipment Common stock cash dividends paid Loan repayment Loan proceeds Sale of marketable securities Net cash by financing activities $ tA $
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