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Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Dividends payable $ 25 $ 5 Bank loan payable-current portion 210
Sunland Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Dividends payable $ 25 $ 5 Bank loan payable-current portion 210 210 Bank loan payable-non-current portion 460 320 Common shares 680 410 Retained earnings 780 555 Additional information: 1. The bank loan was increased by additional borrowings of $380 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments. 2. Common shares were issued during the year. None were repurchased. 3. The company paid dividends during the year. 4. Net income for the year was $400. Prepare the financing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either a sign e.g-15,000 or in parenthesis e.g. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Prepare the financing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) Financing activities ($ in thousands) $ Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $700 by paying $320 cash and bank loan payable. issuing a $
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