(Answered) Question cash flow from financing activities tidwell

Accounting

Question: Cash Flow from Financing Activities Tidwell Company experienced the following during 2011:

a. Sold preferred stock for $480,000.

b. Declared dividends of $150,000 payable on March 1, 2012.

c. Borrowed $575,000 from bank on a two-year note.

d. Purchased $80,000 of its own common stock to hold as treasury stock.

e. Repaid five-year bonds issued in 2006 for $400,000 due in December.

Required: Prepare the net cash from financing activities section of the statement of cash flows.

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