Lansing Inc., a profitable food products manufacturer, has undertaken a major expansion that will be financed by new debt and equity issues as well as earnings. During the last year the company borrowed $5 million for a term of 30 years to finance a new building to house the expanded operations. It also sold 57000 shares of $4 par value stock at $55 per share to pay for new equipment. It also paid off short-term loans that support inventory and receivables totaling $720000 as they came due and took out new short-term debt for the same purpose of $860000, which was outstanding at year end. Lansing also made a scheduled payment of $500000 on an old long-term loan with which it had acquired production equipment several years ago. The payment included interest of $425000. Finally the firm paid dividends of $2.50 per share on 700000 shares of outstanding common stock. Calculate and display the Cash from Financing Activities section of Lansing's statement of cash flows. An answer of $1.2 million should be entered as 1200000. Use a minus sign, to indicate any decreases in cash or cash outflows.

Cash From Financing Activities
	Increase in debt	$
	Sale of stock
	Dividends
	Total	$