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Swasey Company earned net income of $1,800,000 in 20X2. Swasey provided the following information: Swasey Company Comparative Balance Sheets At December 31, 20X1 and 20X2

Swasey Company earned net income of $1,800,000 in 20X2. Swasey provided the following information:

Swasey Company

Comparative Balance Sheets

At December 31, 20X1 and 20X2

20X1 20X2

Bonds payable $$770,000

Mortgage payable 200,000

Common stock 750,000750,000

Pain-in capital in excess of par 560,000560,000

Retained earnings 3,650,0004,650,000

Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow.

$_____

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