Intermediate Accounting II, I am having trouble with cash flows from financing a

Question

Intermediate Accounting II, I am having trouble with cash flows from financing activity. The original numbers for payment of cash dividens was(54400),Issuance of common stock was (270,400) both of these are incorrect.

Please help I need to have this in in a couple hours.

This is INDIRECT METHOD, NO Assumptions, Thank you, again, Sharon

MindTap-Cengage Learn × y CengageNOW ! Online te ax Person 1 -> C f Deast.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do Slouchy Shawl Ribbe Account Types l tit Apps 3. 4. Horizon Member Be 2nd Chance Contest Slouchy Shawl Ribb( Uber-give rides get for Israel :Top 10 T Comprehensive Statement of Cash Flows The following schedule shows the account balances of Beneficio Corporation at the beginning and end of the fiscal year ended October 31, 2013 Debits October 31, 2013 October 31, 2012 6. Cash and Cash Equivalents.. $50,000 40,000 100,000 300,000 2,000 195,000 170,000 9,000 10,000 $ 222,000 10,000 148,000 291,000 2,500 195,000 305,000 8,500 5,000 539,000 287,000 35,000 4,000 1,000 $2,053,000 $ 8,000 26,250 39,750 55,000 70,000 18,000 35,000 1,000 40,000 250,000 8. Inventories. Equipment . . Cost of Goods Sold Selling and General Expenses Income Taxes.... . . . . . . . . .. . . .. Loss on Sale of Equipment. . $876,000 $ 5,000 22,500 27,500 60,000 20,000 8,700 10,000 9,000 60,000 250,000 Total debits. Allowance for Bad Debts.. Accumulated Depreciation-Equipment Accounts Payable.. _ .. . . _ . . . . Taxes Payable

Explanation / Answer

Dividend = ((100000-1000) Shares * $ 2) * 30%

= $ 59400

Issue of common stock = 359400 - 200000

= 159400

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