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  3. a-2-z design services engaged in the following sig

A-2-Z Design Services engaged in the following significant activities during the year: The...

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Accounting

A-2-Z Design Services engaged in the following significant activities during the year:

  1. The company issued common stock for $250,000. Management expects to use the proceeds to purchase land next year.

  2. A new office building was purchased by issuing a $700,000 long-term note payable to the seller.

  3. A-2-Z acquired equipment from one of its suppliers. In exchange, A-2-Z offers to provide design services to its supplier over the next two years. The services are valued at $90,000.

Determine the impact of each transaction on cash flows from investing and financing activities in the current year. (Leave no cells blank - ensure that "0" is entered wherever required.)

Investing Activities Financing Activites
a
b
c

Wifi Around reports net income for the year of $220,000. Retained earnings at the beginning and end of the year are $810,000 and $930,000, respectively. What is the cash paid for dividends during the year (assume any dividends declared were paid)? (Amounts to be deducted should be indicated with a minus sign.)

Cash paid for dividends

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