Question: Exercise 12-9 Cash flows from financing activities LO P3 Net income was $466,000. Issued common stock for $72,000 cash. Paid cash dividend of $16,000. Paid

Exercise 12-9 Cash flows from financing activities LO P3

  1. Net income was $466,000.
  2. Issued common stock for $72,000 cash.
  3. Paid cash dividend of $16,000.
  4. Paid $130,000 cash to settle a note payable at its $130,000 maturity value.
  5. Paid $121,000 cash to acquire its treasury stock.
  6. Purchased equipment for $89,000 cash.

Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)

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