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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) Proceeds from issuance of common stock Cash received from customers $ 1,870 9,161 29,327 526 Payments to reduce notes payable (long-term) Proceeds from sale of marketable securities Income taxes paid Purchase of marketable securities Other fixed assets purchased with promissory notes Required: 421,358 24,333 41,300 35,146 7,462 3,596 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.) SCHUELER RECREATION INCORPORATED Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities:
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