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Use the following information to calculate the net cash provided (inflow) or used by (outflow) from financing activities for the Lulu Corporation: (a) Net income,
Use the following information to calculate the net cash provided (inflow) or used by (outflow) from financing activities for the Lulu Corporation:
(a) Net income, $10,000
(b) Sold common stock for $40,000 cash
(c) Paid cash dividend of $13,000
(d) Repayment of bond payable, $26,000
(e) Purchased equipment for $12,000 cash
(f) Issued long term mortgage notes payable for $250,000 cash.
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