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What is the net cash provided by financing activities

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Question: Orange Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year: 1. Long-Term Notes Payable, beginning balance, $82,000 2. Long-Term Notes Payable, ending balance, $75,000 3. Common Stock, beginning balance, $3200 4. Common Stock, ending balance, $30,000 5. Retained Earnings, beginning balance, $75,000 6. Retained Earnings, ending balance, $117,000 7. Treasury Stock, beginning balance, $5900 8. Treasury Stock, ending balance, $10,500 9. No stock was retired. 10. No treasury stock was sold. 11. During the year, the company repaid $37,000 of long-term notes payable. 12. During the year, the company borrowed $30,000 on new long-term notes payable. 13. Net income for the year was $54,000. 14. Assume all dividends declared during the year were paid. What is the net cash provided by financing activities?

Reference no: EM133554142

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