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Sheffield Company issued common stock for proceeds of $380000 during 2020. The company paid dividends of $89000 and issued a long-term note payable for

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Sheffield Company issued common stock for proceeds of $380000 during 2020. The company paid dividends of $89000 and issued a long-term note payable for $95000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $20000. The financing section of the statement of cash flows will report net cash inflows of $489000. $360000. $271000. $291000.

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