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