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Preparing a statement of cash flows

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Reference no: EM13116238

Information concerning the debt of Cole Company is as follows:

Short-term borrowings:
Balance at December 31, 2010 $525,000
Proceeds from borrowings in 2011 325,000
Payments made in 2011 (450,000)
Balance at December 31, 2011 $400,000
Current portion of long-term debt:
Balance at December 31, 2010 $1,625,000
Transfers from caption "Long-Term Debt" 500,000
Payments made in 2011 (1,225,000)
Balance at December 31, 2011 $ 900,000
Long-term debt:
Balance at December 31, 2010 $9,000,000
Proceeds from borrowings in 2011 2,250,000
Transfers to caption "Current Portion of Long-Term Debt" (500,000)
Payments made in 2011 (1,500,000)
Balance at December 31, 2011 $9,250,000

In preparing a statement of cash flows for the year ended December 31, 2011, for Cole Company, cash flows from financing activities would reflect
Inflow Outflow 
a. $2,000,000 $2,000,000
b. $2,250,000 $2,250,000
c. $2,650,000 $2,575,000
d. $2,575,000 $3,175,000

Reference no: EM13116238

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