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Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended
Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended December 31, 2016, it reported the following activities (in thousands): Net income Purchase of equipment Payments on notes payable to bank Net proceeds from stock issuance Depreciation $32,875 10,000 200 3,292 23,200 870 Proceeds from sale of equipment Decrease in accounts receivable Payments to acquire treasury stock Required: 39,200 1,730 Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.) TREFOIL COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2016 Cash Flows from Investing Activities: Cash Flows from Financing Activities: $ 0 $
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