Reporting Cash Flows from Investing and Financing Activities
oering’s Furniture Corporation is a Virginia-based manufacturer of furniture, In a recent year, it reported the following activities:
Net income | $5,135 |
Purchase of property, plant, and equipment | 1,071 |
Borrowings under line of credit(bank) | 1,117 |
Proceeds from issuance of stock | 11 |
Cash received from customers | 37,164 |
Payments to reduce long-term debt | 46 |
Sale of marketable securities | 219 |
Proceed s from sale of property and equipment | 6,894 |
Dividends paid | 277 |
Interest paid | 90 |
Purchase of treasury stock (stock repurchase) | 2,583 |
Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.
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