Answer:
Dinkel's statement of cash flows for the year ended December 31, 2018, would show net cash provided (used) by financing activities of $2,750,000.
Explanation:
Dinkel Company
Statement of cash flows (extract)
Proceed from issuance of common stock $800,000
Proceed from issuance of bonds 2,400,000
Cash dividend on common stock paid (290,000)
Cash dividend on preferred stock paid (120,000)
Purchase of treasury stock (240,000)
Proceed from sale of stocks 200,000
Net cash provided (used) by financing activities $2,750,000
