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Savona Corp had the following information related to its long-term debt and shareholders' equity for the year ended Dec 31, 2021. 2021 2020 Long-term loan

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Savona Corp had the following information related to its long-term debt and shareholders' equity for the year ended Dec 31, 2021. 2021 2020 Long-term loan payable 3,000 1,000 Common Shares 23,000 20,000 Retained earnings 17,400 12,000 Other notes: A new loan for $4,000 was taken during 2021. Common shares were issued for cash. Cash dividends were paid. Net income for the year was $8,000. Cash paid for reduction of non-current debt Choose... Cash received on issuance of non-current debt Choose... - Cash received on issuance of shares Choose... - Cash paid for dividends Choose

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