The following transactions occurred for That Old Company Inc. at the end of the year: a. Net Income for the year was $55,000. Depreciation Expense was $17,000. b. 1,400 shares of Common Stock were issued for $30 per share in cash. c. Paid 17,000 towards a note payable. No new notes were signed this year. d. Purchased office equipment for $5,000 in cash. e. Cash dividends were paid this year. Beginning retained earnings was $170,000 and ending Retained Earnings was $213,000. Work through your calculations for each transaction and prepare the financing section of the statement of cash flows Cash Flows from Financing Activities: cash received from issuing stock cash paid towards note payable Net Cash Provided by Financing Activities x 42000 -17000