Consider the following events: 25,000 shares of preferred stock, cumulative, 5%, $30 par was issued for $45 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 $51 per share to be held as stock. Interest of $24,000 was paid to bondholders. Bonds Payable with a par value of $300,000 were retired at $324,000. Compute the net cash flow from financing activities (parentheses indicate an outflow)