During 2021, Smokey Corporation earned net income of $5.4 billion and paid off $2.5 billion of long-term
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During 2021, Smokey Corporation earned net income of $5.4 billion and paid off $2.5 billion of long-term notes payable. Smokey raised $1.1 billion by issuing common stock, paid $3.7 billion to purchase treasury stock, and paid cash dividends of $1.3 billion. Report Smokey’s cash flows from financing activities on the statement of cash flows for 2021.
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