Lavern Company experienced the following during 2009: a. Sold pr
Lavern Company experienced the following during 2009:,a. Sold preferred stock for $392,000.,b. Declared dividends of $100,000 payable on March 1, 2010.,c. Borrowed $480,000 from bank on a two-year note.,d. Purchased $50,000 of its own common stock to hold as treasury stock.,e. Repaid five-year bonds issued in 2002 for $300,000 due in December.,Required:,Prepare the net cash flow from financing activities of the statement of cash flows.
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