to prepare its statement of cash flows for the year ended december 31 2005 martin co 541509
P9-6A. Calculate investing and financing cash flows. (LO 6)
To prepare its statement of cash flows for the year ended December 31,2005, Martin Company gathered the following information.
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to prepare its statement of cash flows for the year ended december 31 2005 martin co 541509
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|
Gain on sale of equipment |
$ 4,000 |
|
Proceeds from sale of equipment |
10,000 |
|
Purchase of equipment |
80,000 |
|
Dividends declared |
5,000 |
|
Dividends paid |
2,000 |
|
Proceeds from sale of treasury stock |
90,000 |
|
Repayment of loan principal |
21,000 |
|
Payment of interest on loan |
210 |
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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