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Calculate the net amount of cash provided

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Question - Shepherd Industries had the following cash flows by major categories during the current year:

  Cash provided by:

 

       Receipts from customers

$560,000

       Sale of bonds

400,000

       Sale of treasury stock

34,000

       Interest and dividends received

56,000

       Sale of equipment (at a $56,000 loss)

236,000

  Cash used for:

 

       Payments to employees

$135,000

       Payments to purchase inventory

190,000

       Dividends on common stock

60,000

       Purchase of treasury stock

20,000

       Interest expense

78,000

Required - Calculate the net amount of cash provided by or used for financing activities for the year.

Reference no: EM131896245

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