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4 The following information is available for Jacks

4 The following information is available for Jackson Corporation: (a) Net income for the year was $10,000 (b) Sold common stock for $4,000 cash (c) Paid cash dividends of $3,000 (d) Paid $8,000 cash to redeem bonds payable (e) Purchased equipment for $12,000 cash Required: Use the above information to calculate the net cash provided or used by financing activities

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