Reference no: EM132626631

IT-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form)

Balance, Jan. 1 7,000

Receipts from customers                         365,700       Payments for goods 275,100

Dividends on stock investments                5,600          Payments for operating expenses 139,500

Proceeds from sale of equipment            37,000           Interest paid 11,400

Proceeds from issuance of Taxes paid       8,300           bonds payable 500,000

Dividends paid                                       60,100           Balance, Dec. 31 420,900

Problem 1: What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?