Blaylock Company earned net income of $450,000 in 2012. Blaylock provided the following information:
Blaylock Company
Comparative Balance Sheets
At December 31, 2011 and 2012
..........................................2011......................2012
Bonds payable.......................... -.................. 192,500
Mortgage payable.................... 50,000......................... -
Common stock.....................187,500................... 187,500
Pain-in capital in excess of par.. 140,000.................. 140,000
Retained earnings.................. 912,500............... 1,162,500
Required:
Compute the financing cash flows for the current year.