Net income Purchase of equipment Borowings under line of credit (bank) Proceeds

Question

Net income Purchase of equipment Borowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid $ 4,735 931 1,477 17 29,764 52 140 7,194 283 96 Required Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.(Amounts to be deducted should be indicated with a minus sign.) ROWE FURNITURE CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities Cash Flows from Financing Activities

Explanation / Answer

ROWE FURNITURE CORPORATION Statement of Cash Flow(Partial) Cash Flows from Investing Activities: Purchase of Equipment -931 Sales of Investment 140 Proceeds from Sales ofEquipment 7194 Cash Flows from Investing Activities 6403 Cash Flows from Financing Activities: Borrowing under line of Credit(Bank) 1477 Proceeds from Issuance of Common Stock 17 Payments to reduce notes payable (long term) -52 Dividend Paid -283 Interest Paid -96 Cash Flows from Financing Activities 1063 Amt Type Net Income 4375 Operating Activity Purchase of Equipment 931 Investing Activity Borrowing under line of Credit(Bank) 1477 Financing Activity Proceeds from Issuance of Common Stock 17 Financing Activity Cash Received from Customers 29764 Operating Activity Payments to reduce notes payable (long term) 52 Financing Activity Sales of Investment 140 Investing Activity Proceeds from Sales ofEquipment 7194 Investing Activity Dividend Paid 283 Financing Activity Interest Paid 96 Financing Activity

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