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15-30 Algo Tidwell Company experienced the following during 2015:Sold preferred stock for $487,000.Declared dividends of $142,000 payable on March 1,...

15-30 Algo


Tidwell Company experienced the following during 2015:


A.Sold preferred stock for $487,000.


B.Declared dividends of $142,000 payable on March 1, 2016.


C.Borrowed $571,000 from bank on a 2-year note.


D.Purchased $82,500 of its own common stock to hold as treasury stock.


E.Repaid 5-year bonds issued in 2010 for $399,000 due in December.


Required:

Prepare the net cash from financing activities section of the statement of cash flows.

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