Exercise 11-43 (Algorithmic) Determining Cash Flows from Financing Activities Solomon Construction Company reported the following amount on its balance sheet at the end of 2019 and 2018 for notes payable: 12/31/2019 12/31/2018 Notes payable $170,000 $115,000 Required: 1. If Solomon did not repay any notes payable during 2019, determine how much cash Solomon received from the issuance of notes payable. 2. If Solomon repaid $62,000 of notes payable during 2019, determine what amounts Solomon would report in the financing activities section of the statement of cash flows. Payment of notes payable Issuance of notes payable