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Flow Company has provided the following information for the year ended December 31, 2022: Cash paid for interest, $22,500 Cash paid for dividends, $6,500 Cash
Flow Company has provided the following information for the year ended December 31, 2022:
- Cash paid for interest, $22,500
- Cash paid for dividends, $6,500
- Cash dividends received, $4,500
- Cash proceeds from bank loan, $34,000
- Cash purchase of treasury stock, $13,500
- Cash paid for equipment purchase, $29,500
- Cash received from issuance of common stock, $39,500
- Cash received from sale of land with a $34,500 book value, $27,000
- Acquisition of land costing $53,500 in exchange for preferred stock issuance.
- Payment of a $125,000 note payable by exchanging used machinery with a $79,500 book value and $125,000 fair value.
How much was Flow's net cash flow from financing activities?
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