Determining cash flows from financing activities The following accounts and corresponding balances were drawn from Berry Company's 2012 and 2011 y ear -end balance sheets.

Other information drawn from the accounting records:
1. Dividends paid during the period amounted to $30,000.
2. There were no bond liabilities issued during the period.
Required
a. Compute the amount of cash flow associated with the repayment of bond liabilities.
b. Compute the amount of cash flow associated with the issue of common stock.
c. Prepare the financing activities section of the statement of cash flows.

Transcribed Image Text:

Account Title 2012 2011 Bonds payable Common stock $300,000 275,000 $210,000