Question: Tidwell Company experienced the following during 2015: A. Sold preferred stock for $485,000. B. Declared dividends of $142,000 payable on March 1, 2016. C. Borrowed

Tidwell Company experienced the following during 2015:

A. Sold preferred stock for $485,000.
B. Declared dividends of $142,000 payable on March 1, 2016.
C. Borrowed $572,000 from bank on a 2-year note.
D. Purchased $80,500 of its own common stock to hold as treasury stock.
E. Repaid 5-year bonds issued in 2010 for $397,000 due in December.

Required:

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

Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.

Amount Descriptions
Borrowed from bank
Issued bonds
Payment of dividends
Purchased treasury stock
Repaid bank loan
Retired bonds
Sold preferred stock
Sold treasury stock
Net cash from financing activities
Net cash from investing activities

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