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What is the cash provided

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Question - Selected changes to Balance Sheet accounts, information from the Income Statement and Details of certain transactions for Hi-Tech Inc. are as follows:

Depreciation Expense $12,000 Cash Payment of Dividends $3,000

Cash Receipts for Sale of Stock 7,000 Cash Receipts from Sale of Equipment 18,000

Increase in Merchandise Inventory 5,000 Increase in Total Current Liabilities 13,000

Cash Purchase of Equipment 22,000 Net Income 50,000

Required - What is the Cash provided or (used) from Hi-Tech's Financing Activities?

Reference no: EM133189108

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