Question

Cullumber Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Dividends payable...

Cullumber Corporation reported the following information (in thousands) at December 31, 2018:

2018 2017
Dividends payable $ 20 $ 10
Bank loan payable—current portion 290 290
Bank loan payable—non-current portion 500 255
Common shares 640 480
Retained earnings 720 535


Additional information:

1. The bank loan was increased by additional borrowings of $340 to partially finance the purchase of new equipment that cost $540. 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 $440.


Prepare the financing activities section of Cullumber ’s statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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