The following selected account balances relate to the shareholders' equity accounts of Mathur Corp. at year end

Additional information:
1. During 2015, the company sold 1,000 preferred shares. No shares were reacquired by the company.
2. All cash dividends were declared and paid during the same year. Th ere were no dividends payable at the end of 2014 or 2015.
3. During the year, 1,000 common shares were issued as a stock dividend. Th e fair value of the shares at the time of declaration was $40 per share.
4. Profit was $37,500 in 2015.
Instructions
(a) Determine the amounts of any cash receipts or payments related to the shareholders' equity accounts in 2015.
(b) Indicate where each of the cash receipts or payments identified in part (a) would be classified on the statement of cash flows or accompanying notes.
(c) Would you expect a growing company to be generating or using cash for its financing activities? Explain.

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Preferred shares, 6,000 shares in 2015, 5,000 shares in 2014 Common shares, 10,000 shares in 2015, 9,000 in 2014 Retained earnings Cash dividends-preferred Stock dividends-common 2015 $150,000 176,000 240,000 7,500 40,000 2014 125,000 136,000 250,000 6,250