Karaoke Records Company uses the indirect method to prepare its statement of cash flows. Refer to the following sections of the comparative balance sheet: 
Additional information for 2017:
• No stock was retired.
• No treasury stock was sold.
• The company repaid $60,000 of long-term notes payable.
• The company borrowed $51,000 on a new long-term note payable.
• Net income for the year was $68,000.
Prepare the financing section of the statement of cash flows for the year ended December 31, 2017.
Definitions:
Private Good
A product or service that is excludable and rivalrous, meaning its use by one individual prevents others from using it, and it can be kept exclusive to those who pay for it.
Marginal Cost
The rise in cost resulting from the manufacture of an additional unit of a product or service.
Public Good
A product or service that is non-excludable and non-rivalrous, meaning that one's use of the good does not reduce its availability to others.
Positive Externality
A benefit that is enjoyed by a third-party resulting from an economic transaction to which they were not involved.
Q3: Some governments and most not-for-profit entities do
Q5: Financial statements, no matter how prepared, do
Q13: Caleb Auto Parts Company uses the indirect
Q14: On January 1, 2017, Walker Sales issued
Q15: Given a specific set of data, the
Q42: An audit of a government or not-for-profit
Q108: The non-cash investing and financing activities section
Q109: A subsidiary company is a company that
Q120: Orange Office Supply Corporation completed the following
Q158: Bonds are short-term debt issued to multiple