Exercise 14-39 Cash Flow from Financing Activities Tidwell Company experienced the following during 20X1:

a. Sold preferred stock for $480,000.

b. Declared dividends of $150,000 payable on March 1, 20X2.

c. Borrowed $575,000 from a bank on a 2-year note.

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

e. Repaid 5-year bonds issued for $400,000 that mature and are due in December.

Required:

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