Exercise $12-10($Algo$)$ Cash flows from financing activities LO P$3$

Net income was $$466,000.$

Issued common stock for $$76,000$ cash.

Paid cash dividend of $$16,000.$

Paid $$115,000$ cash to settle a long$-$term notes payable at its $$115,000$ maturity value.

Paid $$115,000$ cash to acquire its treasury stock.

Purchased equipment for $$91,000$ cash.

Use the above information to determine cash flows from financing activities.

Note: Amounts to be deducted should be indicated with a minus sign.