Reference no: EM132729952
Question - 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 $ - 265,000
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
Required - Compute the financing cash flows for the current year.