Blair Madison Co. issues $1.9 million of new stock and pays $281,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.59 million in a new bond issue and paid off existing bonds with a face value of $2.45 million. The company bought 509 of another company's $1,090 bonds at a $109,000 premium. The net cash flow provided by financing activities is: