Biology Forums - Study Force

Spivey Industries engaged in the following activities during the year:

•	Borrowed money from City Bank for $200,000

•	Sold equipment that cost $125,000 for $40,000

•	Sold 100 shares of stock for $20 each

•	Paid dividends to stockholders totaling $12,000

Required:

Prepare the cash flows provided by financing activities section of Spivey's statement of cash flows.

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