Use the Hasbra Toys Ltd. data in Starter 17-8 to compute the following:

a. New borrowing or payment of long-term note payable, with Hasbra having only one long-term note payable transaction during the year.

b. Issuance of common shares, with Hasbra having only one common share transaction during the year.

c. Payment of cash dividends. Net income for the year ended December 31, 2014 was $120,000.

d. Calculate the net cash provided by operating activities using the direct method. Ignore Prepaid Expenses, Salary Payable, and Accrued Liabilities.

Data From Starter 17-8

Hasbra Toys Ltd. had the following comparative balance sheet:

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HASBRA TOYS LTD. Balance Sheet December 31, 2014 and 2013 Assets 2014 2013 Liabilities 2014 2013 Current Current $ 57,000 $ 48,000 Accounts payable $ 141,000 $ 126,000 144,000 Salary payable Cash Accounts receivable 162,000 69,000 63,000 232,000 Accrued liabilities 24,000 Inventory Prepaid expenses 240,000 33,000 9,000 6,000 Long-term notes payable 270,000 Shareholders' Equity 204,000 198,000 Long-term investments 225,000 Property and equipment, net Total Common shares 111,000 120,000 575,000 Retained earnings 675,000 816,000 738,000 $1,368,000 $1,275,000 Total $1,368,000 $1,275,000