Answer:
Cash flow from financing activities is $2,040,000
Explanation:
Cash flow from financing activities
<u>Inflows</u>
Proceeds from common stock $400,000
Proceed from common stock(Employees) $100,000
Issuance of bonds <u>$1,200,000</u> $1,700,000
<u>Outflows</u>
Cash dividend on common stock $160,000
Cash dividend on preferred stock $60,000
Purchase of treasury stock <u>$120,000</u> <u>340,000</u>
Cash flow from financing activities <u>$2,040,000</u>