Reference no: EM132982736
Question - The following information is from the noncurrent liabilities and owners' equity portions of Colony LLC's balance sheet.
The following activities occurred during 2017:
-Issued bonds for $80,000 cash
-Issued common stock for $100,000 cash
-Earned net income totaling $60,000
-Paid cash dividends totaling $15,000
2017 2016
Bonds payable 410,000 330,000
Common stock 800,000 700,000
Retained earnings 995,000 950,000
Required - Prepare the financing activities section of the statement of cash flows for Colony LLC for the year ended December 31, 2017.
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