Use the Techno Toys Ltd. data in Starter 17-9 to compute the following:

a. New borrowing or payment of long-term note payable, with Techno having only one long-term note payable transaction during the year.

b. Issuance of common shares, with Techno having only one common share transaction during the year.

c. Payment of cash dividends. Net income for the year ended December 31, 2017, was $120,000.

d. Net cash provided by operating activities using the direct method. Ignore Prepaid Expenses, Salary Payable, and Accrued Liabilities.

In Starter 17-9

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TECHNO TOYS LTD Balance Sheet December 31,2017 and 2016 Assets 2017 2016 Liabilities 2017 2016 Current Current Cash Accounts receivable 162,000 144,000 Salary payable Inventory Prepaid expenses $57,000 48,000 Accounts payable $141,000 $126,000 69,000 63,000 240,000 232,000 Accrued liabilities 24,000 33,000 9,000 6,000 Long-term notes payable 198,000 204,000 Long-term investments 225,000 270,000 Shareholders' Equity Property and 120,000 111,000 675,000 575,000 Retained earnings 816,000 738,000 $1,368,000 $1,275,000 Common shares equipment, net Total $1,368,000 $1,275,000 Total