The following transactions were among those reported by Corfe City’s electric utility enterprise fund for 2005:
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|
Capital contributed by subdividers |
$ 900,000 |
|
Cash received from customer households |
2,700,000 |
|
Proceeds from sale of revenue bonds |
4,500,000 |
In the electric utility enterprise fund’s statement of cash flows for the year ended December 31, 2005, what amount should be reported as cash flows from capital and related financing activities?
- $4,500,000
- $5,400,000
- $7,200,000
- $8,100,000