Reference no: EM132803273
Question - Flow Company has provided the following information for the year ended December 31.
Cash paid for interest, $23,500;
Cash paid for dividends, $6,700;
Cash dividends received, $4,700;
Cash proceeds from bank loan, $36,000;
Cash purchase of treasury stock, $14,500;
Cash paid for equipment purchase, $30,500;
Cash received from issuance of common stock, $40,500;
Cash received from sale of land with a $35,500 book value, $27,800;
Acquisition of land costing $54,500 in exchange for preferred stock issuance.
Payment of a $135,000 note payable by exchanging used machinery with a $80,500 book value and $135,000 fair value.
Required - How much was Flow's net cash flow from financing activities?