this is the format being referred to (figure 6.6)

Financing Activities Section. The following information is from the noncurrent liabilities and owners' equity portions of Flash, The's balance sheet. December 31 2020 2019 Long-term notes payable Bonds payable Common stock Retained eamings $350,000 54,000 350,000 880,000 $260,000 87,000 410,000 720,000 The following activities occurred during 2020: Paid principal amount of $20,000 for long-term notes payable o Received $110,000 for long-term notes payable Paid principal amount on bonds totaling $33,000 o Repurchased common stock for $60,000 cash Earned net income totaling $200,000 Paid cash dividends totaling $40,000 Required: 1. Prepare the financing activities section of the statement of cash flows for Flash, Inc., for the year ended December 31, 2020. Use the format presented in Figure 6.6 "Financing Activities Section of Statement of Cash Flows (Home Store, Inc.) 2. How much cash was provided by (used by) financing activities? Briefly describe what this amount tells us about the company Figure 6.6 Financing Activities Section of Statement of Cash Flows (Home Store, Inc.) Cash flows from financing activities Principal payment on bonds Proceeds from issuance of common stock Payment of cash dividends Cash used by financing activities S (18,000) 4,000 (32,000) S (46,000) The company used $46,000 in cash for financing activities