Question
Sheridan Company's transactions for the year ended December 31, 2018 included the following: Purchased real estate for $1258000 cash which was borrowed from a bank.
Sheridan Company's transactions for the year ended December 31, 2018 included the following: Purchased real estate for $1258000 cash which was borrowed from a bank. Sold available-for-sale securities for $1030000. Paid dividends of $1140000. Issued 520 shares of common stock for $520000. Purchased machinery and equipment for $244000 cash. Paid $904000 toward a bank loan. Reduced accounts receivable by $206000. Increased accounts payable $392000. Sheridan's net cash used in investing activities for 2018 was $764000. $1502000. $244000. $472000.
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