P9-68. Calculate investing and financing cash flows. (LO 6)
To prepare its statement of cash flows for the year ended December 31, 2008, Bowden
Company gathered the following information.
|
Dividends declared |
$1s,000 |
|
Dividends paid |
i2,000 |
|
Proceeds from sale of treasury stock |
70,000 |
|
Repayment of loan principal |
32,000 |
|
Payment of interest on loan |
320 |
|
Gain on sale of equipment |
3,500 |
|
Proceeds from sale of equipment |
11,000 |
|
Purchase of equipment |
75,000 |
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.