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The following information was drawn from the year - end balance sheets of Perez River, Incorporated. Account Title Year 2 Year 1 Bonds payable $
The following information was drawn from the yearend balance sheets of Perez River, Incorporated.
Account Title Year Year
Bonds payable $ $
Common stock
Treasury stock
Retained earnings
Additional information regarding transactions occurring during Year :
Perez River, Incorporated issued $ of bonds during Year The bonds were issued at face value. All bonds retired were retired at face value.
Common stock did not have a par value.
Perez River, Incorporated uses the cost method to account for treasury stock.
The amount of net income shown on the Year income statement was $
Required
Determine the amount of cash flow for the retirement of bonds that should appear on the Year statement of cash flows.
Determine the amount of cash flow from the issue of common stock that should appear on the Year statement of cash flows.
Determine the amount of cash flow for the purchase of treasury stock that should appear on the Year statement of cash flows.
Determine the amount of cash flow for the payment of dividends that should appear on the Year statement of cash flows.
Prepare the financing activities section of the Year statement of cash flows.
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