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.
| 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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