Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a r

Question

Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid $4,935 951 1,497 19 29,964 54 142 7,394 285 98 Required Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.(Amounts to be deducted should be indicated with a minus sign.) ROWE FURNITURE CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities urchase of Equipment ale of Investments 951 951 Cash Flows from Financing Activities

Explanation / Answer

Description Amount Amount Cash flow from Investing activity Sale of investment              142 Purchase of equipment            (951) Sale of Equipment           7,394          6,585 Cash flow from Financing activity Issue of new shares                19 Interest paid              (98) Bonds paid              (54) Dividends paid            (285) Borrowing under line of credit           1,497          1,079

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