Question: please help and explain how you got the answer. thank you :) Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following

Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the

please help and explain how you got the answer. thank you :)

Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31. Item Dec 31 Purchased an investment in debt securities (long-term) for cash s 60,000 Sold equipment for cash, previously used in operations 50,000 Paid cash for dividends 20,000 Issued coma-on stock for cash 200,000 Retired a 10-year bond payable by repaying the face value at maturity 160,000 Sold investment in equity securities (held for one-year) 22,000 Borrowed cash by signing a nine-month note payable 30,000 Extended a loan to a customer far a building expansion 16,000 use a negative sign with your answer to indicate a cash outflow, if applicable. Calculate net cash from financing activities for the year ended December 31. S

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