To prepare its statement of cash flows for the year ended December 31, 2012, McKinney Carterette Cataloging

Question:

To prepare its statement of cash flows for the year ended December 31, 2012, McKinney Carterette Cataloging Specialists, Inc., gathered the following information:
Dividends paid ............... $ 17,750
Purchase of treasury stock .......... 25,000
Proceeds from bank loan ............ 55,000
Gain on sale of equipment .......... 15,000
Proceeds from sale of equipment ........ 30,000
Proceeds from sale of ...... 175,000

Requirements
1. Prepare the cash from investing section of the statement of cash flows.
2. Prepare the cash from financing section of the statement of cash flows.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...