Reporting Cash Flows from Investing and Financing Activities Oering’s Furniture Corporation is a Virginia based manufacturer of furniture. In a recent year, it reported the following activities:
|
Net income |
$5,135 |
|
Purchase of property, plant, and equipment |
1,071 |
|
Borrowings under line of credit (bank) |
1,117 |
|
Proceeds from issuance of stock |
11 |
|
Cash received from customers |
37,164 |
|
Payments to reduce long term debt |
46 |
|
Sale of marketable securities |
219 |
|
Proceeds from sale of property and equipment |
6,894 |
|
Dividends paid |
277 |
|
Interest paid |
90 |
|
Purchase of treasury stock (stock repurchase) |
2,583 |
Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement .