The following T account is a summary of the cash account of Holmes Company.
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Cash (Summary Form)
|
|
Balance, Jan. 1
|
8,000
|
|
|
|
Receipts from customers
|
364,000
|
Payments for goods
|
200,000
|
|
Dividends on stock investments
|
6,000
|
Payments for operating expenses
|
140,000
|
|
Proceeds from sale of equipment
|
36,000
|
Interest paid
|
10,000
|
|
Proceeds from issuance of
|
|
Taxes paid
|
8,000
|
|
bonds payable
|
300,000
|
Dividends paid
|
40,000
|
|
Balance, Dec. 31
|
316,000
|
|
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What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?