The following summary transactions occurred during the year for Daisy. Cash received from: Collections from...
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Accounting
The following summary transactions occurred during the year for Daisy. Cash received from: Collections from customers $389,000 Interest on notes receivable 10,500 Collection of notes receivable 59,000 Sale of investments 39,000 Issuance of notes payable 109,000 Cash paid for: Purchase of inventory 169,000 Interest on notes payable 9,500 Purchase of equipment 94,000 Salaries to employees 99,000 Payment of notes payable 29,500 Dividends to shareholders 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
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