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Prepare activities section of sunland statement of cash flow

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Reference no: EM131735778

Question - Sunland Corporation reported the following information (in thousands) at December 31, 2018:

 

2018

2017

Dividends payable

$25

$5

Bank loan payable-current portion

210

210

Bank loan payable-non-current portion

460

320

Common shares

680

410

Retained earnings

780

555

Additional information:

1. The bank loan was increased by additional borrowings of $380 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments.

2. Common shares were issued during the year. None were reacquired.

3. Dividends were paid during the year.

4. Net income for the year was $400.

Prepare the financing activities section of Sunland 's statement of cash flows for the year.

Reference no: EM131735778

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