Question
The following summary transactions occurred during 2024 for Dinos Design: Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable
The following summary transactions occurred during 2024 for Dinos Design: Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders Required: Calculate net cash flows from financing activities. $ 370,000 7,500 42,000 22,000 115,000 175,000 6,500 67,000 72,000 28,000 23,000 Note: Amounts to be deducted should be Indicated with a minus sign. DINOS DESIGN Statement of Cash Flows For the Year Ended December 31, 2024 Cash flows from financing activities: Net cash flows from financing activities $ 0
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