Cash flows from Financing Activities Assignment

5 a. Net income was $470,000 b. Issued common stock for $80,000 cash, c. A paid cash dividend of $18,000 d. Paid $105,000 cash to settle a note payable at its $105,000 maturity value e. Paid $119,000 cash to acquire its treasury stock f. Purchased equipment for $94,000 cash 14.28 points eBook Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)

Hint References Cash flows from financing activities LO Additional Information a. A $30,000 note payable is retired at its $30,000 carrying (book) value In exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $58,600 cash. d. Received cash for the sale of equipment that had cost $49,600, yielding a $2,100 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the Income statement All purchases and sales of inventory are on credit, .