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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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