Question
Vaughn Manufacturing's transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1257000 cash which was borrowed from a bank.
Vaughn Manufacturing's transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1257000 cash which was borrowed from a bank. Sold available-for-sale securities for $1090000. Paid dividends of $1270000. Issued 530 shares of common stock for $530000. Purchased machinery and equipment for $260000 cash. Paid $905000 toward a bank loan. Reduced accounts receivable by $197000. Increased accounts payable $401000. Vaughn's net cash used in financing activities for 2021 was
$905000.
$457000.
$918000.
$388000.
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