Answer:
(-$158,000)
Explanation:
Given that,
Net income = $480,000.
Issued common stock for cash = $77,000
Paid cash dividend = $14,000.
Cash paid to settle a notes payable = $105,000
Cash paid to acquire its treasury stock = $116,000
Net cash flows from financing activities:
= Common stock issuance - Cash dividends paid - Payment of note payable - Purchase of treasury stock
= $77,000 - $14,000 - $105,000 - $116,000
= (-$158,000)
