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