Use the McKnight Exercise Equipment data in Exercise 14-19

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E14-20 Computing the cash effect of transactions [15 min]

Use the McKnight Exercise Equipment data in Exercise 14-19.

Requirement
1. Compute the following:

a. New borrowing or payment of long-term notes payable, with McKnight Exercise having
only one long-term note payable transaction during the year.

b. Issuance of common stock, with McKnight Exercise having only one common stock transaction
during the year.

c. Payment of cash dividends.