7. Consider the following events: 25,000 shares of preferred stock, cumulative, 5%, $40 par was issued for $60 a share. The annual cash dividend was declared and paid to the above preferred stock. . The company purchased 12,000 shares of common stock at $68 per share to be held as Treasury stock. Interest of $32,000 was paid to bondholders. Bonds Payable with a par value of $400,000 were retired at $432,000. CHAPTER 13-HOMEWORK Compute the net cash flow from financing activities (parentheses indic A) S 234,000 B) S(286,000) C) $ 202,000 D) S 170,000 ate an outflow)