Use the Parker Networking Solutions data in E10-92 to show how the company reported cash flows from financing activities during 2018.

E10-92

Parker Networking Solutions began operations on January 1, 2018, and immediately issued its stock, receiving cash. Parker’s balance sheet at December 31, 2018, reported the following stockholders’ equity:

Common stock, $1 par...................... $ 59,000
Additional paid-in capital................... 473,500
Retained earnings................................ 40,000
Treasury stock, 300 shares ................ (3,600)
Total stockholders’ equity............... $568,900

During 2018, Parker

a. Issued stock for $9 per share.
b. Purchased 800 shares of treasury stock, paying $12 per share.
c. Resold some of the treasury stock.
d. Declared and paid cash dividends.