Nicoloff Corporation reported the following information (in thousands) at December 31, 2018:

________________________________________2018..............2017

Dividends payable.....................................$ 15..........$ 10

Bank loan payable-current portion..........200............200

Bank loan payable-non-current portion...400............300

Common shares..........................................600............400

Retained earnings.......................................700............500

Additional information:

1. The bank loan was increased by additional borrowings of $300 to partially finance the purchase of new equipment that cost $500. The bank loan was decreased by repayments.

2. Common shares were issued during the year. None were reacquired.

3. Dividends were paid during the year.

4. Net income for the year was $400.

Prepare the financing activities section of Nicoloff's statement of cash flows for the year.