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Comparative Financial Statements for Tomtric Company Follow Additional Data on Activities During 2019 Are as Follows:

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Comparative financial statements for Tomtric Company follow:

 Comparative financial statements for Tomtric Company follow:      \begin{array}{c}  \text {Tomtric Company }\\  \text {Income Statement }\\  \text {For the year ended December 31, 2019}\\ \begin{array}{|l|r|} \hline \text { Sales } & \$ 70,000 \\ \hline \text { Cost of goods sold } & \underline{40,000} \\ \hline \text { Gross margin } & 30,000 \\ \hline \text { Depreciation expense } & 5,000 \\ \hline \text { Other operating expenses } & \underline{15,000} \\ \hline \text { Operating income } & 10,000 \\ \hline \text { Loss on sale of equipment } & \underline{4,000} \\ \hline \text { Income before taxes } & 6,000 \\ \hline \text { Income tax expense } & \underline{2,400} \\ \hline \text { Net income } & \underline{\$ 3,600} \\ \hline \end{array}\end{array}  Additional data on activities during 2019 are as follows: • During 2019, Tomtric Company sold used equipment for $3,000 that had cost $15,000 with accumulated depreciation of $8,000. • New equipment was purchased for $12,000 cash. • Cash dividends totaling $8,000 were paid. • Long-term investments that had cost $18,000 when purchased were sold for $18,000. • Common stock was issued for $10,000. Required: Prepare the financing activities section of the statement of cash flows.

Tomtric Company Income Statement For the year ended December 31, 2019 Sales $70,000 Cost of goods sold 40,000 Gross margin 30,000 Depreciation expense 5,000 Other operating expenses 15,000 Operating income 10,000 Loss on sale of equipment 4,000 Income before taxes 6,000 Income tax expense 2,400 Net income $3,600\begin{array}{c} \text {Tomtric Company }\\ \text {Income Statement }\\ \text {For the year ended December 31, 2019}\\\begin{array}{|l|r|}\hline \text { Sales } & \$ 70,000 \\\hline \text { Cost of goods sold } & \underline{40,000} \\\hline \text { Gross margin } & 30,000 \\\hline \text { Depreciation expense } & 5,000 \\\hline \text { Other operating expenses } & \underline{15,000} \\\hline \text { Operating income } & 10,000 \\\hline \text { Loss on sale of equipment } & \underline{4,000} \\\hline \text { Income before taxes } & 6,000 \\\hline \text { Income tax expense } & \underline{2,400} \\\hline \text { Net income } & \underline{\$ 3,600} \\\hline\end{array}\end{array}
Additional data on activities during 2019 are as follows:
• During 2019, Tomtric Company sold used equipment for $3,000 that had cost $15,000 with accumulated depreciation of $8,000.
• New equipment was purchased for $12,000 cash.
• Cash dividends totaling $8,000 were paid.
• Long-term investments that had cost $18,000 when purchased were sold for $18,000.
• Common stock was issued for $10,000.
Required:
Prepare the financing activities section of the statement of cash flows.

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Financing activities:
Sale of ...

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