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The following transactions occurred for That Old Company Inc. at the end of the year: a . Net Income for the year was $ 5

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.1,500 shares of Common Stock were issued for $28 per share in cash.
c. Paid 19,000 towards a note payable. No new notes were signed this year.
d. Purchased office equipment for $4,250 in cash.
Cash dividends were paid this year. Beginning retained earnings was $180,000 and ending
e. Retained Earnings was $221,000.
Requirement: Complete the Financing Activities section of the Statement of Cash Flows.
(Enter amounts subtracted or cash paid/used as negative amounts.)
The Old Company Inc.
(Partial) Statement of Cash Flows
For Year Ended December 31
Cash flows from financing activities:
Cash received from issuing common stock
Cash paid on notes payable
Cash paid for dividends
Net cash provided by financing activities
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