The following information has been compiled from the accounting records of Muddy Ltd for the year ended 30 June 2020.

Final dividend payable $500,000 - (30/06/2019); $650,000 - (30/06/2020)

Retained earnings $7,000,000- (30/06/2019); $8,000,000 - (30/06/2020)

During the year ended 30 June 2020, the company declared and paid interim dividend of $350,000 to all ordinary shareholders and issued 850,000 shares at $2.00 per share in cash in March 2020. The management transferred $500,000 from the retained earnings account on 30 June 2020 to set up a property maintenance reserve account in preparation of some major maintenance work suggested by the Health and Safety department. Muddy Ltd reported $2,500,000 profit for the year ended 30 June 2020.

Required:Identify and report Muddy Ltds financing cash flow activities for the year ended 30 June 2020. (3 marks. You must provide each cash flow items specification, e.g. interim dividend paid.)