The following is a condensed version of the comparative balance sheets for Flounder Corporation for the last two years at December 31 . Additional information: Investments were sold at a loss of $12,500; no equipment was sold; cash dividends paid were $37,500; and net income was $200,000. Cash Flows from Financing Activities Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cashat End of Year