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Weston is preparing the companys statement of cash flows

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Weston is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from financing activities:

  • Net income -$182,000
  • Gain on the sale of equipment -12,300
  • Proceeds from the sale of equipment- 92,300
  • Depreciation expense- equipment- 50,000
  • Payments of bonds at maturity- 100,000
  • Purchase of land- 200,000
  • Issuance of common stock- 300,000
  • Increase in merchandise inventory- 35,400
  • Decrease in accounts receivable- 28,800
  • Increase in accounts payable-23, 700
  • Payment of each cash dividends- 32,000

Reference no: EM13589830

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