Berry Corporation reported the following cash transactions for last year. Issued common stock at $72 per share..............................................$180,000

Question:

Berry Corporation reported the following cash transactions for last year.

Issued common stock at $72 per share..............................................$180,000

Paid dividends to stockholders at year end............................................60,000

Received dividends from investments in other companies..........................32,000

Purchased bonds issued by City of Metropolis.......................................50,000

Borrowed money from City Bank......................................................25,000

Made payment to City Bank on loan.....................................................4,000

Purchased office equipment.............................................................12,000

Received interest payment on City of Metropolis bonds.............................2,000

Required:

a. Prepare the investing section of Berrys statement of cash flows.

b. Prepare the financing section of Berrys statement of cash flows.

Common Stock
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