Brief Exercise 23-3

Martinez Corporation had the following activities in 2017.

1.		Payment of accounts payable $825,000		4.		Collection of note receivable $99,000
2.		Issuance of common stock $233,000		5.		Issuance of bonds payable $517,000
3.		Payment of dividends $370,000		6.		Purchase of treasury stock $42,000

Compute the amount Martinez should report as net cash provided (used) by financing activities in its 2017 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Net cash (used or provided) by financing activities: $_________