Use the above information to determine this company’s cash flows from financing activities.

a.    Net income was $35,000.
b.    Issued common stock for $64,000 cash.
c.    Paid cash dividend of $14,600.
d.    Paid $50,000 cash to settle a note payable at its $50,000 maturity value.
e.    Paid $12,000 cash to acquire its treasury stock.
f.    Purchased equipment for $39,000 cash.
    
Use the above information to determine this company’s cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)

Answer