The following transactions occurred for That Old Company Inc. at the end of the year:

  1. Net Income for the year was $51,000. Depreciation Expense was $
  2. 1,500 shares of Common Stock were issued for $29 per share in cash. 
  3. Paid 17,000 towards a note payable. No new notes were signed this year. 
  4. Purchased office equipment for $4,500 in cash. 
  5. Cash dividends were paid this year. Beginning retained earnings was $170,000 and ending Retained Earnings was $208,000. 

Work through your calculations for each transaction and prepare the financing section of the statement of cash flows

DescriptionAmountTotal
Subcategory,Cash Flows from Financing Activities:
Single lineSingle line
Single line