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$ The following information pertains to Arizona Company: Net income 58,000 Increase in accounts payable Depreciation expense 12,700 Acquisition of equipment Payment of dividends 2,700
$ The following information pertains to Arizona Company: Net income 58,000 Increase in accounts payable Depreciation expense 12,700 Acquisition of equipment Payment of dividends 2,700 Sale of treasury shares Increase in accounts receivable 9,000 Payment of long-term debt Collection of long-term notes receivable 6,300 Proceeds from sale of land Loss on sale of land 15,700 Decrease in inventories Net cash provided by (used for) financing activities would be 10,700 35,500 4,200 16,300 42,200 3,700 O A. (14,800) O B. $2,700 OC. $(19,000). OD. $14,800
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