Cash Flow from Financing Activities

Using the information for the Melville Corporation, calculate the cash flow from financing activities.

Accounts payable increase $$12,000$

Accounts receivable increase $4,000$

Accrued liabilities decrease $5,000$

Amortization expense $7,000$

Cash balance, January $122,000$

Cash balance, December $3123,000$

Cash paid as dividends $31,000$

Cash paid to purchase land $90,000$

Cash paid to retire bonds payable at par $60,000$

Cash received from issuance of common stock $37,000$

Cash received from sale of equipment $19,000$

Depreciation expense $29,000$

Gain on sale of equipment $4,000$

Inventory decrease $13,000$

Net income $80,000$

Prepaid expenses increase $2,000$

Use a negative sign with answer to show cash outflow from $($used by$)$ financing activities.

Cash flow from $($or used by$)$ financing activities

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