Response to the following problem:
Assume the following balance sheet information at December 31, 2018:
|
|
2018
|
2017
|
|
Mortgage payable
|
$2,000
|
$1,600
|
|
Preferred shares
|
1,300
|
800
|
|
Common shares
|
200
|
150
|
There were no income statement transactions during the year.
Required:
Calculate the cash provided by financing activities.