Reference no: EM132502041

Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided the following information:

Hayashi, Inc.

Comparative Balance Sheets

At December 31, 20X1 and 20X2

                                            20X1                            20X2

Bonds payable$                             -                            245,000

Mortgage payable                       50,000                                -

Common stock                                187,500                   187,500

Paid-in capital in excess of par 140,000                             140,000

Retained earnings                                    912,500                1,162,500

Question 1: Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow.