Transcribed image text: Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid $ 3,435 801 1,347 28 28,464 39 127 5,894 270 83 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement (Amounts to be deducted should be indicated with a minus sign.) MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities: Prev 1 of 1 Next > Saved hapter 12 (5/13 - 5 Help Save & Exit Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid 1,347 28 28,464 39 127 5,894 270 83 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statem (Amounts to be deducted should be indicated with a minus sign.) MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities