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Windwhirl Company, reported net income of $150,000 and a $5,000 gain on the sale of equipment. The cash received from the sale of equipment was
Windwhirl Company, reported net income of $150,000 and a $5,000 gain on the sale of equipment. The cash received from the sale of equipment was $22,000. Windwhirl issued additional shares of stock for $225,000, paid off a $200,000 bond issue recorded at par and paid out $40,000 in dividends during the year. Calculate the increase or decrease in cash from financing activities.
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