Question - Sunland Corporation reported the following information (in thousands) at December 31, 2018:
|
|
2018
|
2017
|
|
Dividends payable
|
$25
|
$5
|
|
Bank loan payable-current portion
|
210
|
210
|
|
Bank loan payable-non-current portion
|
460
|
320
|
|
Common shares
|
680
|
410
|
|
Retained earnings
|
780
|
555
|
Additional information:
1. The bank loan was increased by additional borrowings of $380 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments.
2. Common shares were issued during the year. None were reacquired.
3. Dividends were paid during the year.
4. Net income for the year was $400.
Prepare the financing activities section of Sunland 's statement of cash flows for the year.