How much debt did DoWell raise (retire) n 2014 (include both long-term and short

Question

How much debt did DoWell raise (retire) n 2014 (include both long-term and short-term debt)? Use the financial statements blew to answer your question.

What was the amount of DoWell's cash flow from financing in 2014? Use the financial statements blew to answer your question.

DoWell Corporation Balance Sheet 2014 2013 Assets Current assets:    Cash $3,916,040 $4,386,040 Marketable securities $1,520,000 $1,875,000    Accounts receivable, net 3,249,500 3,055,500    Inventories 2,750,000 2,800,000         Total current assets 11,435,540 12,116,540 Net Fixed assets 2,225,500 2,000,000 Non-amortizable intangible assets 125,000 90,000         Total assets $13,786,040 $14,206,540 Liabilities and Stockholders’ Equity Current Liabilities:    Notes Payable due within one year $1,000,000 $1,000,000    Accounts payable and accrued liabilities 2,221,000 2,091,500    Federal income taxes payable 130,000 300,000         Total current liabilities 3,351,000 3,391,500 Notes payable due after one year 3,000,000 4,000,000 Long-term bonds 1,645,000 1,965,000 Stockholders’ equity:    Capital stock $1,050,000 $1,000,000    Additional paid-in capital 1,800,000 1,500,000    Retained earnings 2,940,040 2,350,040         Total stockholders’ equity 5,790,040 4,850,040         Total liabilities and stockholders’ equity $13,786,040 $14,206,540

Explanation / Answer

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DETAILS AMOUNT RETIREMENT OF NOTES PAYABLE DUE AFTER ONE YEAR $1000000 RETIREMENT OF LOMG TERM BOND $320000 TOTAL RETIREMENT $1320000

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