Hermet Inc. had $97,000 in cash at the end of 2010. At year-end 2011, the company had $177,000 in cash. Cash flow from operating activities totaled $1,003,000 and cash flow from long-term investing activities totaled -$930,000.

a. What is was the amount of Hermet cash flow from financing activities?

b. Hermet Inc. issued $150,000 in long-term debt in the form of bonds to fund new projects, increase liquidity, and buy back some common stock. If dividends paid to common stockholders equaled $30,000, how much common stock did Hermet inc. repurchase in 2011?

c. Hermet Inc. reported $1.25 million of retained earnings in 2010. In 2011, the company had net income of $575,000 and paid a dividend of $0.72 per share. Pendants earnings per share (EPS) in 2011 were $1.10. What was Hermets retained earnings balance at the end of 2011?