Question: Partial balance sheets for ABC Company and additional information are provided below. ABC Company Partial Balance Sheets as of December 31 2024 2023 Assets Equipment
Partial balance sheets for ABC Company and additional information are provided below.
| ABC Company | ||
|---|---|---|
| Partial Balance Sheets | ||
| as of December 31 | ||
| 2024 | 2023 | |
| Assets | ||
| Equipment | $ 118,000 | $ 93,000 |
| Accumulated depreciation | (34,000) | (29,000) |
| Shareholders' equity | ||
| Common stock, $10 par | $ 216,000 | $ 118,000 |
| Paid-in capitalexcess of par | 29,000 | 0 |
| Retained earnings | 58,000 | 48,000 |
Additional information for 2024:
| July 1: | Issued 9,800 shares of common stock for cash. |
|---|---|
| July 1: | Purchased new equipment for cash. |
| December 31: | Paid cash dividends of $29,000. |
Required:
Prepare the financing activities section of the statement of cash flows for 2024.
Note: Amounts to be deducted should be indicated with a minus sign.
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