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Shepherd Industries had the following cash flows by major categories during the current ye
Cash provided
by:
Receipts from
customers
$
560,000
Sale of bonds
400,000
Sale of
treasury stock
34,000
Interest and
dividends received
56,000
Sale of
equipment (at a
$56,000 loss)
236,000
Cash used for:
Payments to
employees
$
135,000
Payments to
purchase
inventory
190,000
Dividends on
common stock
60,000
Purchase of
treasury stock
20,000
Interest
expense
78,000
a
.
Calculate the net amount of cash provided by or used for financing activities for the y
“$” sign in your response.)
Net Cash
(Click to select)provided by or used for
financing activities
$

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