PRINTER VERSION VERSION BACK Question 5 Sunland Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Dividends payable $ 20 $ 5 Bank loan payable-current portion 300 300 Bank loan payable--non-current portion 420 300 Common shares 640415 Retained earnings 760515 Additional Information: 1. The bank loan was increased by additional borrowings of $300 to partially finance the purchase of new equipment that cost 5520. The bank loan was decreased by repayments 2. Common shares were issued during the year. None were reacquired. 3. Dividends were paid during the year. 4. Net Income for the year was $420 Prepare the financing activities section of Sunland's statement of cash flows for the year. Show amounts that decrease or in parenthesise.g. (15,000).) tha n 15,000 SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Financing activities 4. M es were paid during the year. Net Income for the year was $420. Prepare the financing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either or in parenthesise.g. (15,000).) sign . 15 SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Financing activities Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $520 by paying $220 cash and sing as payable. bank loan