During the whole of last year, the market value of shares in IC Inc. was $100 per share. At the start of last year, IC Inc. had 10.000 common shares in issue. During the year, the company issued a further 10,000 shares, all of which were awarded to managers as part of their remuneration package. The company also bought 1.000 shares from a retiring manager, which cost then $100,000 These shares were cancelled. The company also borrowed $2.500,000 to finance an expansion of the company into new markets. The company paid $250,000 as common shere dividends. Calculate the cash from or cash used in financing activities.