Consider the following events. Compute the net cash flow from financing activities (parentheses indicate an outflow). 25,000 shares of preferred stock, cumulative, 5%, $10 par was issued for $15 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 $17 per share to be held as Treasury stock. Interest of $8,000 was paid to bondholders. Bonds Payable with a par value of $100,000 were retired at $108,000. $58,500 ($71,500) $50,500 $45,500