Reference no: EM132819522
Fables Corp. provided the following information for calendar 2020: Fables adheres to ASPE.
Proceeds from issuing bonds...........................$300,000
Purchase of inventories...................................570,000
Purchase of treasury shares...........................90,000
Purchase of long-term investment..................420,000
Dividends paid to preferred shareholders......60,000
Proceeds from issuing preferred shares.........240,000
Proceeds from sale of equipment...................60,000
problem 1: Dividends paid to preferred shareholders were charged directly to retained earnings. The cash provided by financing activities during 2020 is?