Stansfield Corporation had the following activities in 2020. 1. Payment of accounts payable $770,000. 2. Issuance of

Question:

Stansfield Corporation had the following activities in 2020.

1. Payment of accounts payable $770,000.

2. Issuance of common stock $250,000.

3. Payment of dividends $350,000.

4. Collection of note receivable $100,000.

5. Issuance of bonds payable $510,000.

6. Purchase of treasury stock $46,000.

Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2020 statement of cash flows.

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