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Sutton Inc. had $ 8 0 0 , 0 0 0 and $ 1 . 5 mi in cash on the balance sheet at the

Sutton Inc. had $800,000 and $1.5mi in cash on the balance sheet at the end of2XXO and 2XX1, respectively. Its cash flow from operating activities totaled $1.4mi.The firm sold off $1 mi fixed assets, issued $500,000 in common stocks, and paid $60,000 dividends. How much L-T debts did the firm issue or repay?
Sutton Inc. had $800,000 and $1.5mi in cash on the balance sheet at the end of 2xx0 and 2xx1, respectively. Its cash flow from operating activities totaled $1.4mi. The firm sold off $1mi fixed assets, issued $500,000 in common stocks, and paid $60,000 dividends. How much L-T debts did the firm issue or repay?
A) repay 140,000
B) issue 214,000
C) issue 2.14 mi
D) issue 140,000
E) repay 2.14 mi
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