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

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

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, $84,000 2. Long-Term Notes Payable, ending balance, $76,000 3. Common Stock, beginning balance, $3500 4. Common Stock, ending balance, $27,000 5. Retained Earnings, beginning balance, $75,000 6. Retained Earnings, ending balance, $119,000 7. Treasury Stock, beginning balance, $6000 8. Treasury Stock, ending balance, $10,200 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 $31,000 on new long-term notes payable. 13. Net income for the year was $50,000. 14. Assume all dividends declared during the year were paid. What is the net cash provided by financing activities? $5300 O $13,300 O ($8000) $19,300

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