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  3. the following summary transactions occurred during

The following summary transactions occurred during the year for Petunia. Cash received from: Collections...

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Accounting

The following summary transactions occurred during the year for Petunia.
Cash received from:
Collections from customers $390,000
Interest on notes receivable ,11,000
Collection of notes receivable ,60,000
Sale of investments ,40,000
Issuance of notes payable ,110,000
Cash paid for:
Purchase of inventory 170,000
Interest on notes payable ,10,000
Purchase of equipment 95,000
Salaries to employees ,100,000
Payment of notes payable ,30,000
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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