The following summary transactions occurred during the year for Petunia. Cash received from: Collections from customers...
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The following summary transactions occurred during the year for Petunia. Cash received from: Collections from customers $387,000 Interest on notes receivable 9,500 Collection of notes receivable 57,000 Sale of investments 37,000 Issuance of notes payable 107,000 Cash paid for: Purchase of inventory 167,000 Interest on notes payable 8,500 Purchase of equipment 92,000 Salaries to employees 97,000 Payment of notes payable 28,500 Dividends to shareholders 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from financing activities: Net cash flows from financing activities 0 The following summary transactions occurred during the year for Petunia. Cash received from: Collections from customers $387,000 Interest on notes receivable 9,500 Collection of notes receivable 57,000 Sale of investments 37,000 Issuance of notes payable 107,000 Cash paid for: Purchase of inventory 167,000 Interest on notes payable 8,500 Purchase of equipment 92,000 Salaries to employees 97,000 Payment of notes payable 28,500 Dividends to shareholders 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from financing activities: Net cash flows from financing activities 0
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