Martinez Corporation engaged in the following cash transactions during 2017.

Sale of land and building $191,000

Purchase of treasury stock 40,000

Purchase of land 37,000

Payment of cash dividend 95,000

Purchase of equipment 53,000

Issuance of common stock 147,000

Retirement of bonds 100,000

Use the information presented for Martinez Corporation to compute the net cash used (provided) by financing activities.

Net Cash outflow of $88,000 by Financing activities.

Explanation:

Financing activities involve all the cash transaction for equity or liabilities transactions.

Cash flow from Financing activities

Cash inflows

Issuance of common stock 147,000

Cash outflows

Purchase of treasury stock (40,000)

Payment of cash dividend (95,000)

Retirement of bonds (100,000)

Net cash outflow (88,000)

All of the following transaction are related to Investing activities.

Purchase of land 37,000

Sale of land and building $191,000

Purchase of equipment 53,000