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

a$.$ Net income was $$476,000.$

b$.$ Issued common stock for $$72,000$ cash.

c$.$ Paid cash dividend of $$11,000.$

d$.$ Paid $$105,000$ cash to settle a long$-$term notes payable at its $$105,000$ maturity value.

e$.$ Paid $$123,000$ cash to acquire its treasury stock.

f$.$ Purchased equipment for $$87,000$ cash.

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

Note: Amounts to be deducted should be indicated with a minus sign.Exercise $12-10($Algo$)$ Cash flows from financing activities LO P$3$

Net income was $$476,000.$

Issued common stock for $$72,000$ cash.

Paid cash dividend of $$11,000.$

Paid $$105,000$ cash to settle a long$-$term notes payable at its $$105,000$ maturity value.

Paid $$123,000$ cash to acquire its treasury stock.

Purchased equipment for $$87,000$ cash.

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

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