Cash Flows from Financing Activities Hayashi, Inc. provided the following information: a. Net income of...
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Cash Flows from Financing Activities Hayashi, Inc. provided the following information: a. Net income of $450,000 was earned in 2016. b. Information taken from comparative balance sheets: Hayashi, Inc. Comparative Balance Sheets At December 31, 2015 and 2016 2015 2016 Bonds payable 298,000 Mortgage payable 50,000 Common stock 187,500 187,500 Contributed capital in excess of par 140,000 140,000 Retained earnings 912,500 1,162,500 Required: Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow.
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