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to prepare its statement of cash flows for the year ended december 3 1 2008 murray c 541510

P9-7A. Calculate investing and financing cash flows. (LO 6)

To prepare its statement of cash flows for the year ended December 3 1, 2008, Murray Company gathered the following information.

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Dividends paid

$ 16,200

Purchase of treasury stock

40,000

Proceeds from bank loan

180,000

Gain on sale of equipment

9,000

Proceeds from sale of equipment

25,000

Proceeds from sale of common stock

250,000

Required

a. Prepare the cash from investing section of the statement of cash flows.

b. Prepare the cash from financing section of the statement of cash flows.

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