why is 60,000 dividends wrong? what is answer

Common stock transactions on the statement of cash flows Jones Industries received $600,000 from issuing shares of its common stock and $400,000 from issuing bonds. During the year, Jones Industries also paid dividends or $60,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, it required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank Transactions Action Amount Cash received from issuing common stock Part of cash flows from Kinancing activities 600,000 Cash received from Issuing bonds Part of cash flows from financing activities 400,000 Cash paid for dividends Part of cash flows from inancing activities 60,000 x Check My Won Recall the definitions of each section of the statement of cash flows. What type of activities arises from issuing long term debt or equity securities are the activities can inflows or cash outflows