Use the York Company data in E10-34A to show how the company reported cash flows from financing activities during 2016 (the current year).
Payment of long-term debt.............................................$ 17,075
Proceeds from issuance of common stock................................8,415
Total liabilities:
Current year-end...........................................................32,311
Preceding year-end........................................................38,029
Total stockholders' equity:
Current year-end..........................................................23,475
Preceding year-end.......................................................14,045
Borrowings..................................................................6,590
Dividends paid.............................................................$ 205
Net sales:
Current year...............................................................80,000
Preceding year............................................................67,000
Net income:
Current year...............................................................2,379
Preceding year............................................................2,007
Operating income:
Current year...............................................................4,878
Preceding year............................................................3,998