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Changes in the balance sheet accounts at June 30, 2018 and 2019 for the Poker...

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Accounting

Changes in the balance sheet accounts at June 30, 2018 and 2019 for the Poker Company are presented below:

Increase (Decrease) Assets Cash $ 480,000

Accounts receivable 200,000

inventory 300,000

Long-term investments 200,000

Equipment (200,000 )

Accumulated depreciation (60,000 )

Liabilities and Stockholders Equity

Accounts payable $ (40,000 )

Dividends payable 400,000

Notes payableCurrent (200,000 )

Notes payableLong-term 400,000

Common stock, $1.00 par 300,000

Additional paid-in capital 100,000

Retained earnings 80,000

Additional Information for 2019:

Net income was $480,000 and dividends of $400,000 were declared.

Common stock was issued for cash.

A new long-term investment was acquired for $360,000.

A long-term investment was sold for $160,000.

Equipment that cost $600,000 was sold for $200,000.

The book value of those assets was $150,000.

The cash flow from financing activities for 2019 is a:

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