CASH FLOWS FROM INVESTING AND FINANCING ACTIVITIES Hansen Company's comparative balance sheets as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing activities:

Net income for 20-2 was $80,000, and cash dividends of $20,000 were declared and paid. Hansen did not sell any buildings or equipment and did not retire any debt. Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Hansen's statement of cash flows for the year ended December 31,20-2.

Transcribed Image Text:

20-2 20-1 Building Equipment Notes payable Common stock at par Paid-in capital in excess of par Retained earnings $160,000 70,000 20,000 260,000 30,000 200,000 60,000 220,000 160,000