Question: Stevens Studios engaged in the following activities during the year: Borrowed $50,000 from South World Bank Declared and paid dividends on common stock

Stevens Studios engaged in the following activities during the year:

• Borrowed $50,000 from South World Bank

• Declared and paid dividends on common stock of $15,000

• Declared preferred stock dividends of $10,000

• Repaid the $50,000 loan from South World Bank

• Borrowed $100,000 from City Financial Group


Required

Prepare the cash flows provided by financing activities section of Steven Studios' statement of cash flows.


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