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Wellington Company reports select items from its statement of cash flows. Activity Cash from customers for providing services Cash paid for income taxes Cash
Wellington Company reports select items from its statement of cash flows. Activity Cash from customers for providing services Cash paid for income taxes Cash paid to purchase investment securities Cash received from issuance of stock Cash received from a long-term note Cash paid for employee salaries Cash paid to repurchase stock Cash paid to purchase equipment Cash paid to purchase inventory Amount $ 215,000 58,000 20,000 83,000 122,000 79,000 17,000 61,000 64,000 38,000 Cash received from the sale of investments Required: Identify those items related to financing activities and compute net cash flows from financing activities. Note: Indicate cash outflows with a minus sign. Activity Cash paid to purchase equipment Cash paid to purchase inventory Cash received from the sale of investments Cash received from issuance of stock Net cash flows from financing activities Amount $ (61,000) (64,000) 38,000 83,000 $ (4,000)
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