Question 5 --/1 View Policies Current Attempt in Progress Sunland Corporation reported the following information (in thousands) at December 31, 2018: Dividends payable Bank loan payable-current portion Bank loan payable -non-current portion Common shares Retained earnings 2018 $ 20 300 420 640 760 2017 $ 5 300 300 415 515 Additional information: 1. The bank loan was increased by additional borrowings of $300 to partially finance the purchase of new equipment that cost $520. 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 $420. Prepare the financing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2018 - Financing activities Payment of cash dividends (160) 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 $420. Prepare the financing activities section of Sunland's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2018 - Financing activities Payment of cash dividends (160) Bank loan receivable 300 Repayment of bank loan payable (180) Net cash provided by financing activities Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $520 by paying $220 cash and issuing a $ bank loan payable. eTextbook and Media Save for Later Attempts: 0 of 2 used Submit