Question: Question 20 Lopez Corp. uses the Indirect method to prepare its statement of cash flows. Refer to the following information for 2017 1. Long-Term Notes

 Question 20 Lopez Corp. uses the Indirect method to prepare its

Question 20 Lopez Corp. uses the Indirect method to prepare its statement of cash flows. Refer to the following information for 2017 1. Long-Term Notes Payable, beginning balance, $85,000 2. Long-Term Notes Payable, ending balance, $71,000 3. Common Stock, beginning balance, $3,100 4Common Stock, ending balance, $27,000 5Retained Earnings, beginning balance, $76,000 6. Retained Earnings, ending balance,$120,000 7..Treasury Stock, beginning balance, $5,200 8. Treasury Stock, ending balance, $10,100 No stock was retired. 10.No treasury stock was sold. 11. During 2016, the company repaid $37,000 of long-term notes payable 12. During 2016, the company borowed $51,000 on a new note payable 13. Not income for the year was $54,000 14. Assume all dividends declared during the year were paid Prepare the net cash flow from financing activities for full credit show all of your work) 6 8 9 2 0

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