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The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $400,000 Interest on notes receivable 16,000 Collection of notes
The following summary transactions occurred during the year for Marigold.
Cash received from: | |
---|---|
Collections from customers | $400,000 |
Interest on notes receivable | 16,000 |
Collection of notes receivable | 70,000 |
Sale of investments | 50,000 |
Issuance of notes payable | 120,000 |
Cash paid for: | |
Purchase of inventory | 180,000 |
Interest on notes payable | 15,000 |
Purchase of equipment | 105,000 |
Salaries to employees | 110,000 |
Payment of notes payable | 35,000 |
Dividends to shareholders | 1,000 |
Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
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