Brief Exercise $14-30$ Cash Flows from Financing Activities

Objective $2$ Example $14\mathrm{.}5$

Davis Company earned net income of $$900,000$ in $20$X$2.$ Davis provided the following information:

Davis Company

Comparative Balance Sheets

At December $31,20$X$1$ and $20$X$2$

$\backslash$table$[[,20$X$1,20$X$2],[$Bonds payable,$-,$$$385,000$