The following information was taken from the accounting records of Oregon Corporation for 2007:
|
Proceeds from issuance of preferred stock |
$4,000,000 |
|
Dividends paid on preferred stock |
400,000 |
|
Bonds payable converted to common stock |
2,000,000 |
|
Payment for purchase of machinery |
500,000 |
|
Proceeds from sale of plant building |
1,200,000 |
|
2% stock dividend on common stock |
300,000 |
|
Gain on sale of plant building |
200,000 |
Oregon’s statement of cash flows for the year ended December 31, 2007 should show the following amounts for investing and financing activities, based on the preceding information:
|
Net Cash Flows From Investing Activities |
Net Cash Flows From Financing Activities |
|
|
$700,000 |
$3,600,000 |
|
|
$700,000 |
$3,900,000 |
|
|
$900,000 |
$3,900,000 |
|
|
$900,000 |
$5,600,000 |