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D Question 11 6 pts The following transactions occurred for That Old Company Inc. at the end of the year: 1. Net Income for the
D Question 11 6 pts The following transactions occurred for That Old Company Inc. at the end of the year: 1. Net Income for the year was $61,000. Depreciation Expense was $5,000 2. 1.400 shares of Common Stock were issued for $29 per share in cash. 3. Paid 18,000 towards a note payable. No new notes were signed this year. 4. Purchased office equipment for $4,500 in cash. 5. Cash dividends were paid this year. Beginning retained earnings was $170,000 and ending Retained Earnings was $210,000. Work through your calculations for each transaction and CALCULATE the NET CASH PROVIDED OR USED BY THE FINANCING SECTION of the statement of cash flows
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