Question: Orange Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year: 1. Long-Term Notes Payable,

 Orange Corp. uses the indirect method to prepare its statement of

cash flows. Refer to the following information for the year: 1. Long-Term

Orange Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year: 1. Long-Term Notes Payable, beginning balance, $80,000 2. Long-Term Notes Payable, ending balance, $74,000 3. Common Stock, beginning balance, $3300 4. Common Stock, ending balance, $28,000 5. Retained Earnings, beginning balance, $75,000 6. Retained Earnings, ending balance, $117,000 7. Treasury Stock, beginning balance, $5100 8. Treasury Stock, ending balance, $10,300 9. No stock was retired. 10. No treasury stock was sold. 11. During the year, the company repaid $39,000 of long-term notes payable. 12. During the year, the company borrowed $33,000 on new longterm notes payable. 13. Net income for the year was $52,000. 14. Assume all dividends declared during the year were paid. What is the net cash provided by financing activities? What is the net cash provided by financing activities? $3500 $19,500 $9500 (\$6000)

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