Use the I-9 Networking Solutions data in E10-79 to show how the company reported cash flows from financing activities during 2014.

In E10-79, I-9 Networking Solutions began operations on January 1, 2014, and immediately issued its stock, receiving cash. I-9’s balance sheet at December 31, 2014, reported the following stockholders’ equity:

Common stock, $ 1 par...................... $ 56,000

Additional paid- in capital.................. 394,400

Retained earnings.............................. 41,000

Treasury stock, 500 shares................ (2,000)

Total stockholders’ equity................$ 489,400