Computing investing and financing cash flows [10 min]Kyler Media Corporation had the follo...

Computing investing and financing cash flows [10 min]

Kyler Media Corporation had the following income statement and balance sheet for 2012:

Requirement

1. Compute for Kyler Media Corporation during 2012 the

a. acquisition of equipment. The business sold no equipment during the year.

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b. payment of a long-term note payable. During the year, the business issued a $5,300 note payable.