Question: Exercise 12-9 Cash flows from financing activities LO P3 a. Net income was $477,000. b. Issued common stock for $74,000 cash. c. Paid cash dividend

Exercise 12-9 Cash flows from financing activities LO P3 a. Net

Exercise 12-9 Cash flows from financing activities LO P3 a. Net income was $477,000. b. Issued common stock for $74,000 cash. c. Paid cash dividend of $17,000. d. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. e. Paid $122,000 cash to acquire its treasury stock. f. Purchased equipment for $91,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities

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