McLaughlin Company issued common stock for proceeds of $558,000 during 2017. The company paid dividends of $99,000 and issued a long-term note payable for $375,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $81,000. The financing section of the statement of cash flows will report net cash inflows of

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The net cash inflows from financing activities are calculated as proceeds from issuing common stock ($558,000) minus dividends paid ($99,000) minus the cost of treasury stock purchased ($81,000), resulting in $378,000. The issuance of a long-term note payable for equipment is a non-cash transaction and does not affect the cash flow statement.

McLaughlin Company Issued Common Stock for Proceeds of $558,000 During