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Schueler Recreation Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income Purchase of
Schueler Recreation Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income Purchase of equipment Borrowings under line of credit (bank) Cash received from customers Proceeds from issuance of common stock Payments to reduce notes payable (long-term) Proceeds from sale of marketable securities Income taxes paid $ 1,790 9,081 29,247 446 421,198 24,253 41,220 35,066 7,382 3,516 Purchase of marketable securities Other fixed assets purchased with promissory notes 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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