Sandhill Corporation reported the following information (in thousands) at December 31, 2018: 2018 $ 20...
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Sandhill Corporation reported the following information (in thousands) at December 31, 2018: 2018 $ 20 270 Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings 2017 $ 5 270 305 415 595 470 670 730 Additional information: 1. The bank loan was increased by additional borrowings of $310 to partially finance the purchase of new equipment that cost $680. The bank loan was decreased by repayments. 2. Common shares were issued during the year. None were reacquired. 3. Dividends were paid during the year. 4. Net income for the year was $410. Prepare the financing activities section of Sandhill's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) SANDHILL CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2018 A Financing activities Payment of cash dividends Repayment of bank loan payable Issue of common shares -255 Net cash used by financing activities Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $680 by paying $370 cash and issuing a $ bank loan payable
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