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?