The following transactions occurred for That Old Company Inc. at the end of the year:

a$.$ Net Income for the year was $$54,000.$ Depreciation Expense was $$19,000.$

b$.1,700$ shares of Common Stock were issued for $$27$ per share in cash.

c$.$ Paid $17,000$ towards a note payable. No new notes were signed this year.

d$.$ Purchased office equipment for $$5,750$ 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: The following transactions occurred for That Old Company Inc. at the end of the year:

Net Income for the year was $$54,000.$ Depreciation Expense was $$19,000.$

$1,700$ shares of Common Stock were issued for $$27$ per share in cash.

Paid $17,000$ towards a note payable. No new notes were signed this year.

Purchased office equipment for $$5,750$ in cash.

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