Chapter 14, Problem 38E

Tidwell Company experienced the following during 20X1:

1. a. Sold preferred stock for $480,000.
2. b. Declared dividends of $150,000 payable on March 1, 20X2.
3. c. Borrowed $575,000 from a bank on a 2-year note.
4. d. Purchased $80,000 of its own common stock to hold as treasury stock.
5. 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.